It seems that the last efforts of the buyers have been made and the bullish waves of BLZ are over. Now the price is in an important supply that can be rejected from this supply on the lower side.
Also, the price structure has changed to a bearish one.
By maintaining this supply, it can move towards the targets.
The targets are inserted on the image.
Closing a daily candle below the invalidation 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
Also, the price structure has changed to a bearish one.
By maintaining this supply, it can move towards the targets.
The targets are inserted on the image.
Closing a daily candle below the invalidation 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:
BLZ dropped without reaching invalidation level and tp 1 was hit
Trade active:
TP 2 was also hit
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