$BLUR $BLUR 8h Update: - My bias is cautiously bullish for a short-term bounce as long as price does not close below 0.01347. The sweep of liquidity below the most recent swing low at 0.01347 increases the chance for a counter-move upward.
- If price confirms a reversal above 0.01438 or retests and holds 0.01347 with bullish confirmation (like a lower timeframe trend shift, bullish engulfing candle, or pin bar), an entry around 0.01450–0.01460 could be considered. First take profit would be 0.01546, with a possible extension to 0.01669 if momentum increases.
- Stop-loss should be placed just below the most recent low at 0.01347 or the swing low of your entry timeframe.
- If price fails to hold above 0.01347 and closes below with volume, I would expect further downside and would avoid longs until a clear new base forms.
- If price reaches 0.01669–0.01769 and finds strong rejection, I would look for confirmation to short, aiming for 0.01520 and 0.01438.
- For every setup, always wait for confirmation such as a pin bar, bullish/bearish engulfing, or reversal structure on a lower timeframe before entering.
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