Brett/Tether
Long

BRETT/USDT — Triangle: Market Compression Before a Big Breakout?

87
🔎 Pattern Analysis

BRETT/USDT is currently trading inside a contracting triangle (descending resistance + flat/rising support). This pattern shows:

Lower Highs: sellers consistently pressing the price lower.

Higher Lows / Flat Support: buyers holding the floor strongly.

The market is in a “pressure cooker” phase — volatility is shrinking, and once price escapes, the move is usually explosive.


Technically, a symmetrical triangle is neutral, but since the prior trend was bearish, probabilities lean slightly bearish unless a breakout to the upside is confirmed with strong volume.

---

📈 Bullish Scenario

If price breaks upward:

1. Trigger: 2D candle close above 0.05617 with strong volume.


2. Healthy Retest: price pulls back to confirm support and then bounces.


3. Upside Targets:

TP1: 0.06472 (+44%)

TP2: 0.07961 (+77%)

TP3: 0.09073 (+102%)

TP4: 0.11532 (+156%)

TP5 (measured move / extension): 0.130–0.150 (strong momentum case).


4. Psychology: breakout means buyers take control, and if BTC/ETH are stable or bullish, momentum could accelerate.

---

📉 Bearish Scenario

If price breaks downward:

1. Trigger: 2D candle close below 0.038–0.040 with strong volume.


2. Failed Retest: price retests support turned resistance and rejects.


3. Downside Targets:

TP1: 0.03400

TP2: 0.03000

TP3: 0.02340 (major low, nearly −48% downside).


4. Psychology: breakdown signals capitulation — sellers dominate while buyers step aside.

---

🎯 Measured Move

Applying the height of the triangle gives a projected target:

Upside breakout: 0.11 – 0.13

Downside breakdown: 0.023 – 0.025

---

⚖️ Risk & Money Management

Confirmation is key: wait for a 2D close + volume, not just intraday wicks.

Stop Loss:

For longs → below triangle support / under 0.039.

For shorts → above triangle resistance / above 0.056.


Risk/Reward: aim for at least 1:2 before entering.

Position sizing: risk only 1–2% of total capital per trade.

---

🚨 Key Catalysts to Watch

1. Bitcoin & Ethereum trend: if BTC dumps, alts usually follow.


2. Liquidity/volume: thin order books risk false breakouts.


3. News/events: project updates, listings, or partnerships can be catalysts.


4. Macro market: US equities, Fed policy, and the Dollar Index (DXY) often influence crypto capital flows.

---

📝 Summary

BRETT/USDT is compressing inside a 2D contracting triangle, and volatility is set to expand.

Bullish trigger: 2D close >0.05617 + volume → targets 0.0647 / 0.0796 / 0.0907 / 0.115–0.13.

Bearish trigger: 2D close <0.038–0.040 → targets 0.034 → 0.030 → 0.0234.

Golden rule: wait for confirmation (2D close + strong volume) to avoid false breaks.


This setup provides a clear trading map with defined upside/downside levels, offering opportunities in both directions.

---

#BRETT #BRETTUSDT #Crypto #Altcoin #TechnicalAnalysis #TrianglePattern #Breakout #SupportResistance #CryptoTrading

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.