wolf_king888

BLUR will continue to rise based on the double bottom structure

Long
wolf_king888 Updated   
BINANCE:BLURUSDT.P   BLUR / TetherUS PERPETUAL CONTRACT
➡️I found a small double bottom bullish structure here yesterday and chose to buy and go long. I am very happy that the market has developed as expected. After we break through the turning point, it means that a larger double bottom structure has been established. My idea in this transaction is to enter the market with a small cycle structure, and then play the goal of a large cycle structure. 🧠

🧠We currently have completed the ideal goal of the small cycle structure and the conservative goal of the large cycle structure, so it is completely reasonable to stop here to digest this rise, and we have also reached the resistance zone, and only after a healthy adjustment can it break out again.🚀

😂Of course, I also hope that it can go directly to the moon without making adjustments like ORDI. Of course, this is just a joke. Hopefully it will develop as expected.🙏

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Comment:
📊#BLUR is just a rebound, good buying areas are shared✔️

🧠After this period of rise, we have achieved a 354% increase. We are currently making adjustments at the daily K-line level. We have retraced half of the increase and then started to rebound. ⚠️Note that now it is just a pure rebound and not a reversal. , because I switched to different cycles to check, and there was no good reversal structure, so I thought that it would encounter rejection after rebounding to the resistance zone. ❌So don’t have too much hope on the bullish side.

➡️I hope it can continue to fall for a while to near the uptrend support line and then start to reverse. If it can sweep the liquidity pool below, then the daily level buying zone here is very worthy of attention. 👀

Let’s see 👀

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