Bluzelle (BLZ) is Stuck in the Bear Trap đ»â ïž
Right now, the $BLZ chart is telling us one thing: caution. While there has been a slight recovery from the lows of early September, the price still hovers around $0.1259 without showing significant signs of momentum. The 25-day moving average remains below the 99-day moving average, which is not a promising signal for a breakout anytime soon. đ
Volume remains relatively low, indicating a lack of strong buyer interest. This might mean that unless there is a major catalyst, we could see BLZ staying in this range or even dipping further. The next key level of support sits around $0.10, and a break below that could open the gates for a steeper decline.
Stay cautious, folks, and always have your stop-loss ready. Protect your gains and be patient before jumping in on this one. Let me know what your next move is, and donât forget to share this with the community! đ
#BLZ #CryptoBearish #MarketAnalysis #StaySafe #CryptoTrading
