The BLUR coin price has recovered from its previous decline and today successfully breached the resistance level at $0.2419. Can this breakout be considered a reliable signal for the continuation of an uptrend?
Conservative Approach: Waiting until the market closes today to confirm the breakout of the resistance level. If the closing price is above the $0.2419 level, then buying at the beginning of the next trading session can be considered.
Aggressive Approach: Conducting more intensive monitoring on the 1-hour timeframe chart to identify price patterns that emerge after the breakout. This approach allows for faster action but also carries a higher risk if the breakout turns out to be temporary.
If this resistance breakout is sustained, the potential for further price increases remains. A realistic next price target is $0.3045.
