BLUEZELLE - Important Levels
BLZ has been difficult to read recently due to the massive volatility spikes. From the higher timeframe, it looks like we can be heading to one of 2 key levels where we'll get a bounce.
First Level: 0.1800
78.6 Fibonacci and Structure
Second Level: 0.1200
We have previous structure where we saw a triple bottom. We could be making a higher timeframe double bottom before we move higher.
Trade Idea:
- Watch for reversal signs at one of those 2 levels
- When there's buying pressure, enter with stops below that structure level
- Target the recent highs as first target and then ATH as second target
Goodluck!
First Level: 0.1800
78.6 Fibonacci and Structure
Second Level: 0.1200
We have previous structure where we saw a triple bottom. We could be making a higher timeframe double bottom before we move higher.
Trade Idea:
- Watch for reversal signs at one of those 2 levels
- When there's buying pressure, enter with stops below that structure level
- Target the recent highs as first target and then ATH as second target
Goodluck!
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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.
🥃 Crypto Signals Since 2017 🥃
💎Telegram t.me/AltSignals 💎
📈 Signals/Algos altsignals.io/join 📈
💎Telegram t.me/AltSignals 💎
📈 Signals/Algos altsignals.io/join 📈
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.