$BLZ
TECHNICAL ANALYSIS:
1. Trend Analysis:
- The price is in a medium-term downtrend, from 0.16 to 0.085 in the last 24 hours
- RSI on the 30m timeframe is in the oversold region (22-35)
- MACD shows that selling pressure is gradually decreasing, the histogram is narrowing
- Bollinger Bands are contracting, indicating that volatility may increase significantly
2. Volume Analysis:
- Trading volume has increased significantly during price declines
- The Buy/Sell volume ratio is quite balanced at 45-55%
- Negative CMF indicates that selling pressure is still dominant
3. Important support/resistance levels:
- Resistance: 0.090, 0.095
- Support: 0.080, 0.075
TRADING RECOMMENDATIONS:
1. Possible scenarios in the next 4-24 hours:
Scenario 1 (60% probability): Sideways in the range of 0.080-0.090
- Confirmation signs: RSI remains above 30, stable volume
- Take profit: 0.088-0.090
- Stop loss: 0.078
Scenario 2 (40% probability): Further decline to 0.075
- Confirmation signs: RSI drops below 30, volume spikes
- Take profit: 0.075-0.077
- Stop loss: 0.085
2. Trading recommendations:
- DO NOT RECOMMEND LONG at this time
- Wait for the price to reach the range of 0.075-0.077 to consider a long position with tight SL
- If intending to short, wait for the price to react at 0.090
3. Assessment of volatility potential +-5%:
- Probability of a 5% increase (up to 0.090): 35%
- Probability of a 5% decrease (down to 0.080): 45%
- Probability of sideways movement: 20%
Note: This is only a technical analysis; investors need to combine it with fundamental analysis and appropriate risk management.