BRETTUSDT SPOT
Panjang

BRETT | Bullish Structure

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The BRETT/USDT daily chart shows a significant bullish development as price has successfully reclaimed the 90-day VWAP (orange line) around $0.05802. This reclaim represents a crucial shift in market sentiment after months of consolidation.

Key Technical Observations:
Price broke above the 90-day VWAP with strong momentum
RSI showing healthy bullish momentum without being overbought
Price action suggests buyers are regaining control

Price Targets:
First resistance zone: $0.08000 (previous consolidation area)
Second resistance: $0.13000 (major resistance level marked in red)

Risk Considerations:
A daily close back below the 90-day VWAP would invalidate the bullish thesis
The breakout needs sustained volume to confirm the move
Previous resistance around $0.08000 could provide temporary selling pressure

The reclaim of this key VWAP level often signals the beginning of a new uptrend phase, making this an interesting development for momentum traders.

Penafian

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