$BSW Ready to Pump or dump?

Check here 👇👇👇👇

Key Observations:

1. Current Price: $0.0814, with a 6.68% increase in the last period.

2. 24h Range:

High: $0.0867

Low: $0.0748

3. Volume (24h):

73.11M BSW

5.89M USDT

4. Price Action (15m Chart):

Strong upward momentum leading to a peak at $0.0867, followed by a sharp pullback to $0.0814.

The long wick on the last candle suggests selling pressure near the $0.0867 level.

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Support and Resistance:

1. Immediate Resistance: $0.0867 (recent high).

2. Immediate Support: $0.0794 (recent breakout level).

Potential Strategies:

1. Breakout Play:

If the price re-tests $0.0867 with strong volume, a breakout above could signal further upside.

Target levels post-breakout: $0.0900 and $0.0950.

2. Pullback Opportunity:

Watch for a pullback to $0.0794 or lower for potential entries.

Ensure confirmation with volume and indicators like RSI.

3. Risk Management:

Stop-loss just below $0.0790 for long positions to manage risk.

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