BLUR (Y24.P1.E1).BULLISH MACRO
HI TRADERS,
BLUR macro structure looks bullish of late, traded it yesterday and got stopped out.
Now looking at it, I have a few levels of interest and targets based on the fibonacci method and cup and handle measured move.
Finding a entrance now will be difficult but I do believe a possible back test to the .2038 fib could be a good entry.
Meanwhile BTC is looking like more lows to come in the coming weeks and many ALTS are undecided for now. So a pullback from BTC will give confidence to long once it gets in the realm of the 30k range.
That might mean the likes of BLUR is also buying the dip, just maybe.
For now, this could be a short term shorting position while BLUR looks for the UT phase of the wyckoff reaccumulation phase.
All the best,
S.SAri
BLUR macro structure looks bullish of late, traded it yesterday and got stopped out.
Now looking at it, I have a few levels of interest and targets based on the fibonacci method and cup and handle measured move.
Finding a entrance now will be difficult but I do believe a possible back test to the .2038 fib could be a good entry.
Meanwhile BTC is looking like more lows to come in the coming weeks and many ALTS are undecided for now. So a pullback from BTC will give confidence to long once it gets in the realm of the 30k range.
That might mean the likes of BLUR is also buying the dip, just maybe.
For now, this could be a short term shorting position while BLUR looks for the UT phase of the wyckoff reaccumulation phase.
All the best,
S.SAri
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This community has signals now but with no risk management comms.
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