BSW coin has experienced a rollercoaster market, has the bottom been reached?
"There are no new things in the crypto world; extreme rises and falls are the norm, and those who can survive in the market are the patient and disciplined traders."
Hello everyone, I am KK, the god of coins. Today, let's talk about the recently sensational BSW coin. Look at this K-line chart; it's simply a bloody history of the crypto world! Starting from 0.0175 on April 22, it skyrocketed to a high of 0.06106 in just a few days, an increase of 248%! This is not a bull market; it’s like a rocket launch! Many old friends entered at 0.02 and 0.03, and what happened next? The following drama is well-known—an intense "massacre," plummeting from 0.061 to 0.034, a drop of over 99%! This "heaven and earth needle" is likely to go down in crypto history.
Currently, BSW is stabilizing and oscillating at 0.03071, forming a temporary bottom. From a technical perspective, the MA7 crosses below the MA30, forming a dead cross, indicating a weak short-term trend. However, there is clear support at the 0.030 level, tested multiple times without breaking. In terms of trading volume, there is noticeable volume during the rise and reduced volume during the pullback, indicating that the main funds are still observing. It is currently in a stabilization phase after a pullback. Although there may be fluctuations in the short term, it no longer has strong downward momentum.
Personally, I believe that this wave of BSW represents a typical "major player controlling the market" trend. First, they attract attention with tenfold or hundredfold gains, drawing retail investors to follow suit, and then suddenly crash the market violently, washing out all the uncertain chips. After this wave, one can only wonder how many people were liquidated and how many had to cut losses. But this is the cruel reality of the crypto world—either you cut losses on others, or you get cut by others.
Recent news indicates that the BSW team is actively working on ecological construction, and it is said that several major projects will launch next month. Coupled with Bitcoin recently breaking new highs, the overall market sentiment is warming up. As a once-popular sector, BSW is expected to welcome a rebound. However, I must remind everyone not to forget past pains when the scars heal; remember to set stop-losses and control your positions.
BSW now resembles an injured cheetah, seemingly on the brink of death but could launch a counterattack at any moment. If you hold BSW, adopt appropriate strategies based on your position: reduce positions during a rebound if trapped at high levels, perform trades to lower costs if trapped in the middle, and gradually add to your position if trapped at low levels. Remember, in the crypto world, surviving longer is more important than making more profit!
Finally, let me ask everyone: do you think BSW will continue to rebound or test the bottom again? If you were a major player, how would you operate this coin? Feel free to leave your comments for discussion, and don't forget to like and follow. Next time, we'll talk about other potential coins!
Risk Warning: This article does not constitute investment advice; the crypto market is risky, and operations should be conducted with caution.
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