🚀What to Expect Next from BLZ? Is the RISK worth the REWARD? 🎁
On 29th October 10:00 UTC, BLZ ($0.20782) started its amazing uptrend run, booking an incredible 44.08% ($0.29990) gains on 30th October around 14:00 UTC. However, clearly shown in the picture the steam seems to slowly fade as the asset is currently trading at $0.28046, (-6.09%) from it's prior peak.
Signs of a diminishing trend
1️⃣ Low Volume
2️⃣ The Asset price is stagnant, or the price is slowly going down
3️⃣ Selling Pressure - more traders are willing to sell, as they're losing faith that the asset will yield anymore profits.
* The Picture shows Heikin Ashi Candles, which are commonly used to recognize a trend among traders.
According to our devoted team, this could be a great zone to open a Short Position, as the data also suggests within the several hours Long/Short Account Ratio among top traders is 0.45.
- Short Account 68.89%
- Long Account 31.11%
All of the posts are for education purposes only, DYOR before investing in the Crypto Market.
Talk soon,
