$BLUAI – Significant rejection as sellers aggressively defend the resistance area
Trading Plan
Short $BLUAI
Entry: $0.006213 – $0.006500
SL: $0.007200
TP: $0.005928
TP: $0.005500
TP: $0.005000
The rally pushing higher has been completely neutralized after hitting a massive resistance wall near the $0.008150 level.
Buyers attempted to stabilize the price, but the follow-through was met with extreme selling pressure, leading to a sharp downward acceleration. The structure has now turned significantly choppy and bearish on the 1H timeframe.
Instead of a clean continuation higher, the price has collapsed back into previous support zones, which are now struggling to hold.
Sellers appear to be aggressively leaning back into the market, and when the upside stalls this violently, it often leads to a sustained pullback as buying interest evaporates. Watch for a break below $0.005900 to confirm the next leg down.
Trade $BLUAI here 👇
