Trading Plan Short $BLUAI

$BLUAI just rejected the 1h EMA21, trapping a lot of recent buyers looking for a bounce.

Entry: $0.01447-$0.01487

Stoploss: $0.01585

Targets: $0.01395 / $0.01255 / $0.01050

BLUAI got slapped down hard from the $0.0150s, now trading below both 1H EMAs. Retail is piled extremely long with a 2.73 L/S ratio, setting up a nice flush. Funding is starting to tick up, meaning longs are paying to stay in. OI dropped 4.66% yesterday, suggesting some long positions already got cut. A clean reclaim above $0.01585 invalidates the short.

Trade $BLUAI here 👇

BLUAIUSDT

Perp

0.01437

-9.32%