📉 $BLUR /USDT Alert: Bearish Continuation Likely!
Current Status: ~$0.03140 (-1.1% 24h)
$BLUR is showing signs of exhaustion. After a weak bounce attempt, the price failed to hold higher levels and is now printing a classic series of lower highs and lower lows. The 1H chart reveals consecutive bearish candles with weak recovery wicks, signaling that sellers remain firmly in control. ⚠️
The price action from $0.03187 to $0.03135 suggests distribution, not accumulation. Unless we see a high-volume reclaim of resistance, the path of least resistance is down.
Trade Setup (Short Bias)
🔹 Entry Zone: $0.03145 – $0.03170
🎯 Targets:
1️⃣ $0.03100 (Immediate Support)
2️⃣ $0.03040 (Breakdown Level)
3️⃣ $0.02980 (Major Demand Test)
🛑 Stop Loss: $0.03210
💡 Invalidation Point:
A 1H candle close above $0.03210 on strong volume would break the bearish structure and potentially trigger a short squeeze toward $0.0330+. 🚀
Are you riding the downtrend or waiting for the $0.030 bounce? Let’s hear your strategy below! 👇
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