Asset Description:
Biswap (BSW) is a decentralized exchange (DEX) based on Binance Smart Chain. It offers users low token exchange fees, farming, and a unique referral program that attracts traders and investors.
Chart Analysis:
🔹 Current Situation: - The asset has tested the zone but is not yet forming clear entry signals. The 4-hour timeframe level looks promising, but a reaction on the MTF is required for confirmation.
🔹 Key Levels:
- Range of Interest: 0.034 - 0.031.
Strategy:
📌 For Long:
- Wait for movement towards the designated levels.
- Evaluate the asset's reaction on the MTF.
- Trade strictly on confirmation.
Recommendations:
❗️ For Futures: ALWAYS use stops. Upon the reaction from the level, move the trade to breakeven. In case of a level cut or breakout with consolidation — look for exit at breakeven and new entry points.