BLURUSDT trade ideas
TradeCityPro | Blur : Dynamic Support Holding👋 Welcome to TradeCityPro!
In this analysis, I will explore Blur, a gaming project, focusing on the daily timeframe to assess its current price action and potential scenarios.
📅 Daily Timeframe: Correction to Dynamic Support
On the daily chart, Blur has been following an ascending trendline that acts as a dynamic support, propelling the price upward after every interaction.
🔍 Recently, the price experienced a fake breakout below this dynamic support, which was quickly followed by increased buying volume and a surge in bullish momentum. As a result, Blur managed to break through the $0.2827 and $0.3314 resistance levels, climbing as high as $0.4438.
🔽 Currently, the price has corrected in two stages and returned to the $0.2827 level, which aligns with the dynamic support. The RSI, after breaking below the 50-level, has supported this deeper correction. If the dynamic support fails to hold and the price trend shifts, the primary support will be at $0.1464.
📈 If the resistance at $0.4438 is breached, the first target is $0.5539, a notable resistance level. The main target is $0.8077, the ATH, which doubles as a critical supply zone due to its significance in price history.
✨ The RSI lacks a clear bullish trigger currently, as no new structure has formed. However, if RSI confirms a bullish momentum resurgence and trading volume increases, the chances of breaking through $0.4438 will significantly improve.
🔑 Market Sentiment and Advice
The market is currently undergoing broad corrections, causing FOMO and uncertainty among traders. However, these pullbacks are natural and essential for sustaining the market’s broader uptrend.
💥 Here’s a reminder for effective trading during volatile times:
Avoid impulsive decisions driven by fear or greed.
Ensure risk and capital management is a priority. Proper management safeguards you from significant losses during corrections, preserving capital for long-term growth.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️ above.
BLUR 1D. New Opportunities: My Updated Spot and Futures 12/16/24We’ve already hit previous targets for our futures position, and now I’m considering re-entering both spot and futures trades.
During the correction, the support level at $0.2920 was once again held, signaling strong bullish sentiment among buyers. This strength likely indicates further price growth ahead.
Here are my updated targets: $0.5827, $0.7328, $0.8341.
My forecasts aren’t rules — they’re my personal strategy and trading journal. What you do is your decision!
DYOR.
#BLUR/USDT#BLUR
The price is moving in a bearish channel on the 12-hour frame and is largely sticking to it
We have a green support area at 0.3280 that is expected to be bounced from due to its strength
We have a trend to hold above the Moving Average 100, which is strong support for the rise
We have very strong oversold resistance on the RSI indicator to support the rise with an uptrend that has been broken
Entry price is 0.3337
The first target is 0.3784
The second target is 0.4096
The third goal is 0.4482
Blur USDT 45% potential Spot tradeBLUR/USDT exhibits a 45% potential upside in the spot market, contingent on a breakout from current resistance levels and sustained buying momentum. Positive news around the Blur platform or rising NFT market activity could act as strong catalysts for this price surge.
#BLUR entry range (0.1443 - 0.1508 ) SL .4H close below (0.1399)#BLUR
entry range (0.1443 - 0.1508 )
SL .4H close below (0.1399)
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BINANCE:BLURUSDT
#BLUR 1D: Retest or Rally – Setup Inside! 11/25/24The Blur token (BLUR) is the primary cryptocurrency of the Blur Network, a platform designed to provide private and secure transactions with a strong focus on user privacy.
Here’s how I see it: ready for a retest and then a move higher. It might even go higher without a retest.
Setup on the chart.
DYOR.
BLUR +30%?The chart clearly shows an upward trend with consecutive higher lows (white trendline support). This indicates a stable upward price movement supported by buyers.
Support Zones:
Highlighted zones (blue circles) indicate levels where the price found support after short-term pullbacks. These levels serve as a foundation for further growth.
Growth Potential:
There are two target zones on the chart:
29.27% growth: The first target zone is around $0.38. This is a realistic goal for those holding a short-term position.
38.38% growth: A more ambitious target zone is around $0.40. This level could become the next key resistance.
Possible Correction:
Small retracements (represented by wavy arrows) are a normal part of the market cycle. They may pull the price back to the support zone, but as long as the trend remains upward, there is no reason for concern. The key is maintaining the trendline support.
Blur : Possible Scenarios based on NDSHi everyone It's Omid again.
in 15min timeframe, after drawing cycle parts I believe there are two possible scenarios up ahead :
1- as it shows on chart we have a typical SMI (Sellers move in ) curve and after that we might have a strong spike till final tp.
2-second scenario that might happen is that if bearish move proves to be strong enough it can break down through resistance line and move further down to close lower 1 2 as i marked on chart
this is my strategy I wish everybody profitable Trades ;)
P.S: I think first case is more likely to happen I'M BULLISH