Trading Signal: SELL $BLUR

Recommended Entry Range: $0.420 - $0.440

Take Profit Targets:

TP1: $0.400

TP2: $0.385

TP3: $0.365

Stop Loss (SL): $0.450

Dollar-Cost Averaging (DCA): If the price declines, consider re-entering at $0.375 and add further positions at intervals of $0.005 to capitalize on the dip.

Market Analysis:🚨🚨

BLUR has surged by +13.49% in the past 24 hours, displaying significant short-term momentum. However, its modest 7-day performance of +1.96% suggests that the recent spike might be overextended. The resistance zone near $0.440 aligns with the current peak, while technical indicators like the Relative Strength Index (RSI) reveal BLUR has entered overbought territory. This signals the potential for a pullback, targeting the $0.405 to $0.365 range before renewed buying opportunities emerge.

For short-term traders, volume trends are critical to monitor, as they can confirm a potential breakdown or breakout. The 24-hour high at $0.439 serves as a decisive resistance level; a sustained move above this point could invalidate the SELL signal. On the downside, look for support near $0.372, the recent 24-hour low, which could act as a key accumulation area.

Important Notes for Traders:

Spot Traders: Watch for favorable re-entry zones if a retracement occurs.

Futures Traders: If trading BLUR perpetual contracts, avoid excessive leverage; stick to 2x-5x max. Overleveraging often amplifies losses.

Long-term investors should factor in BLUR’s circulating supply of 2.07B, which can contribute to increased selling pressure, particularly in volatile markets.

Stay disciplined with your strategy and execute trades based on clear targets. While BLUR’s recent pump offers opportunities, a calculated approach with risk management ensures long-term sustainability. As always, conduct your own research (DYOR) before making any moves.

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