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Bluzelle / TetherUS

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BLZUSDT trade ideas

BLZ ANALYSIS 4HConsidering the bearish CH and bearish iBOS on the chart, it seems that BLZ has a trend change. The pump that we are seeing now seems to retest the supply range and collect sell orders for more drops. I have specified the movement we expect from blz on the chart. The targets are clear on the chart and I also specified the invalidation level. Closing a 4-hour candle above this level will violate the analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
Short
by behdark
2
BLZ SHORT .The observed negative correlation between BLZ (Bluzelle) and BTC (Bitcoin) implies an inverse relationship in their price movements. When BTC experiences a decline, BLZ tends to exhibit a corresponding decrease. This negative correlation suggests that the two assets move in opposite directions, with BLZ showing a tendency to decrease when BTC faces downward pressure. As a result, investors might consider adopting a short position on BLZ during periods of BTC decline, anticipating potential profit opportunities from the negative correlation between the two assets. However, it's crucial for investors to conduct thorough research, consider other market factors, and manage risks appropriately when making trading decisions based on correlations.
Short
by free_ai_prediction
A Tactical Approach to #BLZ/USDT Trading with Strong Support!#BLZ/USDT pair: Technical Analysis: Strong Support Level: The current scenario indicates that BJD is above a strong support level, suggesting a potential rebound in the price. Entry Point: Buy at CMP: Consider buying at the Current Market Price (CMP), taking advantage of the current position above the strong support level. Additional Entry: Add more positions if the price drops to 0.3307, using this level as an additional buying opportunity. Target Prices: Set specific target prices at $0.37540, $0.4, $0.43, and $0.49. These levels represent potential profit-taking points as the price moves upward. Stop Loss (SL): To manage risk, set a Stop Loss (SL) at 0.3205. This level is chosen to limit potential losses in case the market doesn't move as expected. Risk-Reward Ratio (R:R): The Risk-Reward Ratio is mentioned as 1:6, indicating a favorable ratio. This means that for every unit of risk (1), there is the potential for six units of reward. Cautionary Note: Emphasizes the importance of exercising caution with leverage and aligning it with individual risk tolerance. The suggestion is to use leverage conservatively to avoid significant losses. Reminds traders to conduct their own research (DYOR) before making any trading decisions, and clarifies that the provided information is not financial advice. In summary, the recommendation suggests a bullish stance on #BLZ/USDT based on the strong support level. It provides specific entry points, target prices, and a risk management strategy, while also advising caution with leverage and emphasizing the importance of conducting personal research. As always, the information provided is not financial advice.
Long
by CRYPTOMOJO_TA
BLZ/USDT In the Bullish flag pattern. Break out or rejected ??💎 BLZ has undeniably garnered significant attention in the market. Presently, BLZ is exhibiting a bullish flag formation pattern. Breaking out of this pattern is essential to sustain the upward movement. If BLZ successfully breaks out of the bullish flag in the near future, there's a probability for significant upward movement, reaching our target supply area. 💎 However, if BLZ fails to break the pattern in the near future, there is a possibility of a downward movement with a retest at the demand area, which was previously a supply zone, to generate new momentum. 💎 In the event of BLZ retracing to the demand area for a retest but failing to maintain its position, resulting in a breakdown, BLZ may shift to a bearish movement, extending its descent and potentially retracing to the next lower demand area.
by MyCryptoParadise_Nathan
8
BLZ/USDT It required break out the pattern to continue upward!💎 BLZ has notably caught the market's attention. It's currently facing challenges in breaking out of an Ascending Triangle pattern. Historical patterns show that BLZ often faces rejections after approaching the resistance of this ascending triangle. However, a successful breakout at the Higher Time Frame (HTF) could signal a bullish shift, probability propelling BLZ towards our target area. 💎 If BLZ continues its pattern of failing to break out, as observed in the past, it's likely to face rejection again and retreat back to the demand area around $0.250 to build new momentum. 💎 In this demand zone, a significant rebound is essential. If BLZ merely consolidates without a strong bounce, there's a risk of losing this crucial support area. This could lead to a further decline, potentially moving BLZ back towards the Bullish OB area.
by MyCryptoParadise
BLZUSDT Consolidating...FWB:BLZ has been on a hell of a tear - Currently having smashed through a long term resistance at around 0.3360 and headed north to try the next at 0.3950 - didn't break and returned to the newly formed support at 0.3360... It is currently on the 3rd re-test of this support - and in a clear falling wedge / Cup Handle with falling volumes... What I am looking for is a rebound from this support to re-try for the 0.3950 resistance - if this can be flipped then heading for the blue zone.... This was tried on last daily candle and failed - falling right back to support - and incidentally forming a double top - so possible collapse of support is downside risk at which point looking at support in the 0.3000 region. So I suspect invalidation for this trade is losing support and losing the 8H 100 SMMA
Long
by Flyte-X
Bluzelle ( BLZ ) 61,8% retracementBLZ/USDT at 61,8% Fibonacci Retracement level. ...................................................................................................................... We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature. and are therefore are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
by CryptoTrend-Alerts