A memecoin On Base Chain- BRETT, Can It Show Resurgence?
The Brett (BRETT), a meme-coin, has been displaying degradation on the chart from the symmetrical triangle breakdown. The profit booking continues after trying to hold the gains when it surged 550% in the past from bottom to peak at $0.19415.
In this memecoin, the investors and traders are not finding an optimum level to step in for going long in BRETT, so the deterioration could continue until it finds one.
Per the technical price action, the best interruption for bears that could stand tall could be the $0.07050 critical support level. This support level could act as a support turned out from resistance.
Meanwhile, On the support of $0.07050, the buyers could step in prominently and find the level attractive, but the cache is the buyer's interest.
On the flip side, breaching this could even harm the price if buyers don't want to bet on BRETT from the chosen support.
So, investors and traders should stay cautious before going long in any financial-related scrips and cryptos (DYOR).
In this memecoin, the investors and traders are not finding an optimum level to step in for going long in BRETT, so the deterioration could continue until it finds one.
Per the technical price action, the best interruption for bears that could stand tall could be the $0.07050 critical support level. This support level could act as a support turned out from resistance.
Meanwhile, On the support of $0.07050, the buyers could step in prominently and find the level attractive, but the cache is the buyer's interest.
On the flip side, breaching this could even harm the price if buyers don't want to bet on BRETT from the chosen support.
So, investors and traders should stay cautious before going long in any financial-related scrips and cryptos (DYOR).
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.