Blzusdtshort
BLZUSDT - CORRECTION NEEDED. (Short)On this coin, many OBs have formed in the range indicated above.
According to the current situation, trading is expected in the short direction, provided that the volume is not cleared from the level of 0.15111
The targets will be the BOS zones - for breaking the structure of the continuation of the downward trend, as well as the IMB price marks and the strong level
BLZUSDT - finally moovtime to short :
my precondition
1. divergency on volume and RSI
2. daily candle does have wick ( need creating)
3. Price took out a month's worth of liquidity ( yellow zone )
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#BLZ pump is overCoin perfectly touched Weekly FVG at 0.14119$ + there was global resistance line that you can see on the chart.
Currently coin looks bearish. and I expect that it will continue descending move towards to 0.079 - 0.066$, where we have D and W FVG + 100 and 200 emas on D TF. Which should stand as good support. (look at lines under the number 1)
Continuation of bear move to 0.05$ will be only in that case if you see that the coin closes with 4H TF below D 100 ema or D 200 ema. (look at the line no.2)
If the coin bounces from FVGs that I mentioned about on the chart, in this case BLZ can continue its uptrend towards to resistance line (blue line), where either it breaks through the resistance and continues its move to another weekly FVG above 0.17$ or returns back to 0.1$ (look at the line no.3)
Short Entry after Rising Wedge BreakdownGreetings, Snipers!
BLZ has risen over 150% in 2 weeks during a bear market
The pump and dump forms a clear rising wedge
The price has broken down, retested the lower bound of the rising wedge, and seems to continue downwards
BTC is also bearish short-term
Now would be a good time to short.
TP1 at $0.112
TP2 at $0.083
Please ensure risk management and stop-loss (trailing $0.141, $0.152 $0.163) as this coin has a pump-and-dump nature.
Happy Sniping!
Blz Update Bkz/Usdt
The price of BLZ increased significantly over the weekend. If we observe the current trend in the crypto market, we can see that one coin tends to increase in value every weekend, like YGG and STMX. However, these coins usually experience a sharp decline after Monday.
I have a similar expectation for BLZ, that its price might decrease by around 20-40% in the coming week.
Remember, this is just a thought. Before making any decisions, it's important to do your own research.
Best of luck!
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BLZ/USDT 6 HOURS UPDATE Welcome to this quick Update, everyone.
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I have tried my best to bring the best possible outcome in this chart.
BLZ/USDT breaks this bullish expanding triangle pattern and now retesting it or on the support of 21MA.
Entry: CMP or upside the 21MA
Targets: 50%TO 60%
Stop Loss: break and close downside the 21MA.
What's your thought on this?
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#PEACE