$BLUR TRADE SETUP

BLUR/USDT 4H Chart Analysis:

Overview:

The 4-hour chart of BLUR/USDT is in a consolidation phase after a downtrend. The price is attempting to form a reversal with multiple bullish signals emerging. The price bounced off a key support level at 0.1399 USDT, and the RSI is showing bullish divergence.

Key Levels:

- Support:

- 0.1399 USDT (strong support zone)

- 0.1088 USDT (next major support)

- Resistance:

- 0.1800 USDT (near-term resistance)

- 0.2065 USDT (higher resistance from the downtrend)

- 0.2257 USDT

(key resistance from previous highs)

Bullish Case:

- The recent bounce from 0.1399 USDT suggests that the bulls are defending this level.

- The RSI has printed multiple bullish signals, indicating potential upward momentum.

- A break above the 0.1800 USDT resistance could lead to further upside, targeting 0.2065 USDT.

Trading Strategy:

1. Entry:

- Consider entering a long position on a confirmed breakout above 0.1650 - 0.1700 USDT.

- For aggressive traders, entering near current levels with a tight stop below 0.1399 USDT is an option.

2. Take Profit Targets:

- TP1: 0.1800 USDT (near-term resistance)

- TP2: 0.2065 USDT (major resistance)

- TP3: 0.2257 USDT (strong resistance)

3. Stop Loss:

- Set a stop loss just below the 0.1399 USDT support to limit downside risk.

Risk Management:

- Use a risk-to-reward ratio of 1:2 or better, adjusting stop loss and take profits accordingly.

- Leverage can be applied at 3x-5x for short-term trades, but be cautious of volatility.

The price structure and bullish signals indicate a potential trend reversal, making this setup an attractive opportunity for swing traders.

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