$BSW Alert: Breakout Test Under Pressure, Sharp Correction Possible! 🚨🔻
On the 4h timeframe, $BSW is currently trading at $0.0544, testing the 24h high of $0.0600 after a massive +74.36% gain! The trading volume is significant at 1.25B BSW and 57.55M USDT. The current price action suggests the breakout is under pressure, and a sharp correction is possible if resistance holds. Trade with extreme caution!
✅ Key Observation:
#BSW is testing a key resistance level (the daily high) after a substantial pump. Failure to break decisively could lead to a significant correction.
Next Potential targets (Bearish Scenario - if rejection occurs):
🎯 $0.0450 (potential initial support level)
🎯 $0.0350 (potential further support level)
🎯 $0.0300 (previous consolidation zone - stronger support)
🛡️Key Resistance Level (potential rejection zone):
🛡️ $0.0600 (24h high - strong resistance)
🛑 Stop Loss (for potential short positions):
Consider setting a stop loss just above the 24h high, perhaps around $0.0610, if entering a short position on rejection.
Buy and trade here on $BSW