Trading Signals for $BSW Biswap
Action: Long Position with Breakout Potential.
Entry Range:
$0.08050 - $0.08300
Stop Loss (SL): $0.07950 - $0.08020
Take Profit (TP):
Short-Term Targets: $0.08650
Extended Targets: $0.09350
BSW has shown significant volume growth in the last 24 hours (35.73%), with a robust Vol/Mkt Cap ratio of 28.63%, indicating strong market activity. The price is nearing the upper range of its daily high-low at $0.08584, suggesting potential for a breakout above key resistance at $0.08600.
The consolidation pattern observed between $0.07474 and $0.08500 over the past day suggests traders are accumulating positions. This could result in a breakout, especially if volume sustains or increases.
Long Setup: Wait for a breakout confirmation above $0.08500 with momentum.
Short Setup: If price retraces and fails to hold $0.08050, consider shorting with a tight SL.
🥂 Trade Here 👇$BSW
🚨 Note: Trade at your own risk. Always DYOR (Do Your Own Research).
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