BSW/USDT Technical Analysis
Current Price: $0.0714 (+5.62% in 24h)
24h Range: High: $0.0727 | Low: $0.0654
Overview:
Momentum: Bullish, with a strong upward trend after breaking resistance at $0.0654.
Support: $0.0654 (recent low and key level).
Resistance: $0.0727 (recent high).
Trade Signal:
Type: Buy (positive momentum and price staying above key support).
Entry Range: $0.0700 - $0.0714 (close to the current price).
Target Levels ๐ฏ:
1. First Target: $0.0730 (immediate resistance).
2. Second Target: $0.0760 (next resistance level).
3. Third Target: $0.0800 (psychological barrier).
Momentum Analysis:
Short-Term Trend: Positive, supported by consolidation above $0.0654.
Long-Term Trend: Neutral to bullish, contingent on the $0.0654 support holding.
Risk Management:
Stop-Loss: Suggested at $0.0650 to limit downside risks if the price moves below support.
Summary: With bullish momentum and support holding strong, BSW presents a potential buy opportunity. However, close monitoring of key levels ($0.0654 support and $0.0727 resistance) is essential.