Relief bounce under heavy resistance… structure still favors sellers.
$BLUR /USDT – SHORT
Trade Plan
Entry: $0.0335 – $0.0375
SL: $0.0398
TP1: $0.0272
TP2: $0.0255
TP3: $0.0230 (if breakdown continues)
Why This Setup?
4H Structure: Weak recovery after a downtrend. Price failing to create strong higher highs — looks like a corrective bounce, not a reversal.
MA Behavior: Price hovering near MA(7) while MA(25) sits below — but overall slope still weak. Resistance at $0.038 remains key rejection zone.
Price Positioning: Current price sits mid-range, but upside is capped by strong resistance. Better RR for shorts closer to $0.035–$0.038 zone.
Daily Context: Trend still bearish overall. RSI likely below 50, indicating lack of bullish strength for sustained upside.
Volume Behavior: No strong breakout volume on bounce — suggests buyers are not in control, increasing rejection probability.
As long as $0.038 is not broken with strong momentum, downside toward $0.027 and $0.025 remains the higher probability.
Debate:
Is BLUR forming a base before a reversal…
Or is this just a dead-cat bounce before another drop?
Trade $BLUR here 👇
