The recent pullback in $BLUAI is a healthy correction after a strong bullish move. Corrections like this allow the market to consolidate gains, remove weaker positions, and create a stronger base for the next upward leg. Retracements are a natural part of trending markets and help maintain a sustainable trajectory while providing cleaner entry opportunities.
Trade Setup:
Entry Zone: $0.00523 – $0.00527
Target 1: $0.00535
Target 2: $0.00542
Stop Loss: $0.00518
This zone is strong because it aligns with previous support near $0.00525 and corresponds with the 0.5 Fibonacci retracement of the recent bullish swing. I’m watching how price reacts here — if this level holds, it could serve as a reliable springboard for continuation. They’re building strength in this area, and a bounce from here would indicate renewed bullish momentum.
This setup provides a clear risk-reward while allowing traders to enter confidently with protective stops in place.
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BLUAIUSDT
Perp
0.005263
-6.08%