$BLZ

/USDT Trade Analysis and Strategy📈📊

Current Price: $0.1265

24h Change: -13.06%

24h Range: $0.1247 - $0.1463

24h Volume: 31.84M BLZ / 4.27M USDT

Technical Snapshot 📊

1. Trend:

Bearish with a -13.06% drop in the past 24 hours, suggesting selling pressure.

Price is near the lower end of its range, around $0.1265, testing support at $0.1247.

2. Key Support:

$0.1247 (recent low)

$0.12 (strong support level)

3. Key Resistance:

$0.1300 (recent resistance level)

$0.1350 (psychological resistance)

4. Indicators:

RSI: 37 (Oversold, potential for a bounce)

MACD: Bearish, showing continued downward momentum.

Volume: Moderate, indicating some interest despite the price drop.

Trade Strategy 🎯

Entry Zone: $0.1247 - $0.1265 (Look for stabilization near support)

Stop-Loss: $0.12 (Protect downside risk)

Target Levels 🚀

1. 🎯 Target 1: $0.1300 – Immediate resistance zone

2. 🎯 Target 2: $0.1350 – Next resistance level

3. 🎯 Target 3: $0.1400 – Extended recovery target

💡 Trade Tip:

With RSI near oversold territory, look for a potential reversal near support. Use tight stop-losses to protect against further downside if the bearish trend persists.

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