š $BSW /USDT Market Update ā Price: 0.02275
š Trend: Deep downtrend, attempting to form a bottom
š 24H Range: 0.02190 ā 0.02360
š Volume: Low ā interest is minimal but stable
š Structure: Consolidation at historical lows
š» Support Levels:
1ļøā£ 0.02190 ā Immediate support (recent low)
2ļøā£ 0.02000 ā Strong psychological and historical demand zone
3ļøā£ 0.01850 ā Breakdown zone if sentiment weakens
šŗ Resistance Levels:
1ļøā£ 0.02360 ā First resistance to watch
2ļøā£ 0.02500 ā Short-term upside target
3ļøā£ 0.02780 ā Key trend resistance for bullish reversal attempt
š Technical Indicators:
š RSI: Around 39 ā nearing oversold zone
š MACD: Weak negative momentum, but flattening
š MAs: Price below 9 EMA & 21 EMA ā needs breakout above 0.02360 to shift trend
š§ Analysis:
BSW is sitting in a tight base structure, trying to defend the 0.02190 level. Buyers are cautious, but if the price breaks above 0.02360 with volume, it may trigger a small rally toward 0.02500ā0.02780.
Failure to hold 0.02190 could invite sellers toward 0.02000 or lower.
šÆ Trade Plan:
š Entry Zone: 0.02250ā0.02290
šÆ Targets: 0.02360 / 0.02500 / 0.02780
š Stop-loss: Below 0.02150
ā ļø Caution: Trend is still bearish ā only for short-term tactical trades
š¬ Summary:
BSW is at the edge ā it's either breakout or breakdown time. Volume is key. Above 0.02360 = potential bounce. Below 0.02190 = more pain ahead šØ
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