$BLZ $BLZ

Bluzelle (BLZ/USD) Technical Analysis and Trading Strategy

Support Levels:

S1: $0.0471

S2: $0.0400

Resistance Levels:

R1: $0.0676

R2: $0.0887

Entry Strategy:

Bullish Scenario: Consider entering a long position if the price holds above the $0.0560 support, targeting the $0.0676 resistance.

Bearish Scenario: If the price falls below $0.0560, a short position could be considered, aiming for the $0.0471 support.

Technical Indicators:

Moving Averages: Indicate a bearish trend.

RSI: Approaching oversold territory, suggesting potential for a reversal.

Recommendation: Monitor the $0.0560 level closely. A sustained move above this level could signal bullish momentum, while a drop below may indicate further downside potential.

*Always conduct your own research and consider risk management strategies before making trading decisions.*

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