💥🔥BLUR/USDT has just experienced a massive 1-hour breakout, surging roughly 42% to reach $0.02443. The vertical green candle indicates high momentum, but it is currently approaching the recent 24h high of $0.02600, which serves as immediate resistance.
Here is a technical trading setup based on the current price action:
1. Long Setup (Trend Following)
This is for a "break and retest" scenario. Since the price moved vertically, buying here carries high risk of a "blow-off top."
Entry Point: $0.02150 – $0.02250 (Wait for a pullback to the previous breakout level/wick).
Take Profit (TP1): $0.02600 (Current 24h High/Resistance).
Take Profit (TP2): $0.02850 (Next psychological level).
Stop Loss (SL): $0.02050 (Below the base of the latest massive hourly candle).
2. Short Setup (Rejection Play)
If the price fails to break the $0.02600 level and shows exhaustion (long upper wicks).
Entry Point: $0.02550 – $0.02600.
Take Profit (TP1): $0.02100 (Filling the "wick" of the surge).
Take Profit (TP2): $0.01950 (Support consolidation area).
Stop Loss (SL): $0.02720 (Above the recent peak to allow for volatility).
