Considering 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
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
Trade active:
The first target was hit
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