$BLZ /USD at $0.0699: Navigating a High-Risk Trading Zone Ahead of Delisting
$BLZ /USD is currently trading at $0.0699 on the 15-minute chart, showcasing a 9.91% increase in value as it recovers from a recent low of $0.0652. The price faces a critical resistance level at $0.0747, while strong support is established around $0.0680. Traders looking for short-term opportunities can consider entering at the current level, targeting TP1 at $0.0710, TP2 at $0.0725, and TP3 at $0.0745. A stop-loss (SL) at $0.0670 is recommended to limit downside risk.
With BLZ/USD set to be delisted on December 25, the market remains volatile. The RSI indicates moderate upward momentum, while the MACD shows signs of stabilization. This setup suggests potential for short-term gains but requires cautious monitoring due to the heightened risks associated with the upcoming delisting event.