Hello to all
Regarding the Todays Sharp movement, it seems that the general view of
BLURUSDT.P is very bullish, but after such a movement, it is not out of mind to expect a correction of 20 to 50% at most.
In my personal opinion, the price in this trend will not have the necessary momentum to break and cross the $0.45 range, and the price correction will start after the price is rejected from the $0.45 area.
And it will continue until the price of 0.3$ and maybe even more intense up to the area of 0.2$.
And after that, we can expect the start of the next price rally towards the points indicated in the chart, especially $0.55 and $0.9.
My Personal setup :
Entry 0.3$ - 0.22$
TP 0.55$ - 0.77$ - 0.9$ - 1.2$
SL under 0.20$
Also, if the price breaks out from the yellow line, we will have a good position to enter and profit from higher targets:
Entry 0.45$
TP 0.9$ - 1.2$
SL Bullish Trend End Confirmations!
Regarding the Todays Sharp movement, it seems that the general view of
BLURUSDT.P is very bullish, but after such a movement, it is not out of mind to expect a correction of 20 to 50% at most.In my personal opinion, the price in this trend will not have the necessary momentum to break and cross the $0.45 range, and the price correction will start after the price is rejected from the $0.45 area.
And it will continue until the price of 0.3$ and maybe even more intense up to the area of 0.2$.
And after that, we can expect the start of the next price rally towards the points indicated in the chart, especially $0.55 and $0.9.
My Personal setup :
Entry 0.3$ - 0.22$
TP 0.55$ - 0.77$ - 0.9$ - 1.2$
SL under 0.20$
Also, if the price breaks out from the yellow line, we will have a good position to enter and profit from higher targets:
Entry 0.45$
TP 0.9$ - 1.2$
SL Bullish Trend End Confirmations!
Trade active
First Target Reached get ready for Pump!Trade active
Save some Profit Wait for Next Entry Point Trade active
Ready for next rally ! we can add some blur to our bag now.Trade active
0.77 done1$ coming soon
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.