#BROCCOLIUSDT is showing bearish potential

SHORT BROCCOLIUSDT.P from $0.04545
🛡 Stop Loss: $0.04737

🕒 Timeframe: 1H

⚡️ Overview:
➡️ BROCCOLIUSDT.P is showing bearish momentum on the 1-hour timeframe after a significant drop from $0.06000 to the current consolidation zone of $0.4203–$0.4885.
➡️ The price recently tested the $0.04545 level (a possible retest of a broken support, now acting as resistance), which could serve as an entry point for a short.
➡️ The volume profile on the left shows strong buyer interest at $0.0325 (POC), which acts as a key support level. However, the lack of significant buying volume at current levels suggests potential for further downside.
➡️ The price structure remains bearish: lower highs and lows are forming after the drop.
➡️ The RSI (14) indicator on the 1H timeframe is presumably around 45 (based on price action), indicating neutral momentum with room for a downward move.

🎯 Take Profit Targets:
💎 TP 1: $0.04400
💎 TP 2: $0.04290
💎 TP 3: $0.04203

⚡️Plan:
➡️ Entry: Sell below $0.04545 after the 1-hour candle closes below this level to confirm the rejection from resistance.
➡️ Stop Loss: Set at $0.04737, which provides a 7% risk from the entry point and protects against a potential breakout.
➡️ Risk/Reward Ratio: From 1:2 (for TP1) to 1:5 (for TP3), making this trade attractive from a risk management perspective.
➡️ After the drop, the price has stabilized, indicating possible consolidation or accumulation.
➡️ Resistance zone: $0.04885 (upper boundary of the current range).

Technical Indicators:
➡️ The chart shows candles in red and green, reflecting bearish and bullish movements.
➡️ After the sharp decline, the price has formed lower highs and lows, but in recent hours, there’s an attempt at recovery.

📢 A price rejection below $0.04545 with increasing selling volume increases the likelihood of reaching the targets.
📢 The $0.04400 and $0.04290 levels may act as areas for partial profit-taking, so monitor price action in these zones.
📢 Risks: If the price breaks above $0.04885, it could signal a false breakdown and a potential reversal to the upside. In this case, consider reassessing the position.

📊 The decline in BROCCOLIUSDT.P aligns with cautious sentiment in the crypto market.
📊 As of March 20, 2025, BTCUSDT.P is trading around $90,000, showing signs of consolidation, which may pressure altcoins like BROCCOLIUSDT.P

BROCCOLIUSDT.P is showing bearish potential on the 1H timeframe.
⚡️A confirmed rejection below $0.04545 is your signal to act!