Awakening of the Trapped Beast? BSW Breaks Through Three Moving Average Resistances, $0.07 Will Become the Bull-Bear Battleground

Is this surge a signal for recovery or a trap for retail investors? Let me get straight to the point! This asset just bounced out of a long-term downtrend channel, with a big bullish candle piercing through the MA7/MA25/MA99 moving averages. A 46% surge in 4 hours looks scary, but seasoned investors know that such positions are the easiest to manipulate!

First, let's discuss the bullish scenario: The first target of $0.042 is a resistance level that has been repeatedly smashed in May. If it can stabilize here, it is highly likely to reach $0.052—this level is both a psychological barrier and a previous high point; a breakthrough here would signify a real bull market initiation. The more aggressive target is $0.07; if it can push past this, BSW might replicate last year's accumulation scenario, with a long-term target in the $0.09-$0.1 range!

But I have to pour cold water on this! There are indeed signs of a breakout on the technical front, and trading volume has increased, but historical experience tells us that without solid positive news or sustained buying pressure, such sharp surges often turn out to be fleeting. The most critical point is that if the closing price falls below $0.021, the entire breakout will be a false move, trapping the bulls at the peak!

Personal Opinion: Right now, BSW is like a trapped beast just breaking free from a sack; the bulls must steadfastly defend the critical level of $0.03. If it can hold this, the current rebound may evolve into multiple phases of upward movement; but if it can't hold... well, the scythe for a false breakout is already sharpened! Lastly, a reminder: Don't let the 46% surge cloud your judgment; the market is never short of explosive myths, but it lacks those who survive to see the sun rise tomorrow!

Next, I will continue to place strategic orders; instead of fumbling around and missing the best entry and exit points, leading to losses, it's better to follow my lead if you agree.