$BLZ /USDT Technical Analysis
Current Price: $0.0586 (-14.33%)
24H Range: $0.0484 - $0.0700
Volume: 151.46M BLZ
Key Insights:
$BLZ/USDT has experienced significant bearish pressure, but the price is recovering from the 24H low at $0.0484.
Resistance at $0.0600 could be a decisive point for further upward movement.
🎯 Targets:
1. Target 1: $0.0600
Rationale: Immediate resistance level; achievable with continued recovery momentum.
Action: Secure partial profits at this level.
2. Target 2: $0.0650
Rationale: Mid-term resistance aligning with a stronger recovery trend.
Action: Hold positions if the price sustains above $0.0600.
3. Target 3: $0.0700
Rationale: Key breakout level and 24H high, indicating further bullish potential.
Action: Full profit-taking is advised at this level.
🔑 Strategy:
Stop Loss: Place below $0.0550 to minimize downside risk.
Indicators to Watch: Monitor RSI for oversold signals and volume for confirmation of a breakout above $0.0600.
