💎 Paradisers, BLZ is currently challenging a crucial supply area, previously a strong demand zone, which could set the stage for bullish momentum.
💎 A successful breakout above the $0.296 mark could pave the way for BLZ to overcome the descending resistance line, potentially leading to significant upward movement toward our target resistance area.
💎 If BLZ fails to surpass the supply area and faces a firm rejection, it might retreat to the lower demand zone around $0.25. This could be a pivotal point for BLZ to regroup and attempt another push towards the supply area.
💎 The crucial moment comes when BLZ tests the demand area. The price needs to bounce from this point to maintain a bullish outlook and make another attempt to break through the supply barrier.
💎 However, a concerning sign would be if BLZ fails to hold the demand area and breaks below it. A more definitive bearish signal would be if BLZ closes a daily candle below the key support area, indicating potential for further declines.
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