BLZ technical analysis
BLZ is in a bearish trend and moving in a falling wedge for approximately 125 days. The support zone (Yellow) at $0.1080 - $0.1241 is holding the price. If this zone failed to hold the price we could see more decline in the price. After the breakout from the trend line, we could see some bullish moves. If the momentum continues we could see the price to the next levels.
Traders should be vigilant, considering positions based on the support's reaction and entering a buy if it holds. Always consider risk management strategies, especially with the current market volatility, and set stop-loss orders to protect against unforeseen price movements.
Traders should be vigilant, considering positions based on the support's reaction and entering a buy if it holds. Always consider risk management strategies, especially with the current market volatility, and set stop-loss orders to protect against unforeseen price movements.
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