Biswap (BSW)

On the above 3 day chart price action has corrected 95% since early 2022. A number of reasons now exist to consider a long position, including:

1) Price action resistance breakout.

2) Trend reversal.

3) Support and resistance. Price action confirms support on past resistance.

4) There is no chart pattern or otherwise to estimate a target area so don’t ask! However that said the monthly chart points to significant resistance around the 35 cent area, 200% above.

Is it possible price action corrects further? Sure.
Is it probable? No.

Ww

Type: trade
Risk: <=6%
Timeframe for long: Now
Return: 200%

Trade active:

On strong historical support.