$BSW
USDT BEARISH BREAKDOWN – SELLERS PUSHING TOWARDS NEW LOWS 🔻
$BSWUSDT continues its strong downtrend on the 1H timeframe, with sharp bearish candles breaking through minor supports. Sellers remain dominant as the price tests critical lows with no immediate reversal signs.
🔑 Key Levels:
Support: $0.0200 (immediate psychological and structural support), $0.0190 (next key support)
Resistance: $0.0215 and $0.0230
Current Price: $0.0202
📉 Trade Setup (Short Entry):
Entry Zone: $0.0203 – $0.0210
Take Profits:
TP1: $0.0200
TP2: $0.0195
TP3: $0.0190
Stop Loss: $0.0220 (above recent minor resistance cluster)
🌐 Short Market Outlook: BSW is under strong selling pressure with lower highs and lower lows confirming the bearish trend. As long as it stays below $0.0215, continuation towards $0.0190 is likely. Watch BTC movements for confirmation in volatile market hours.
⚠️ Risk Management: Use a strict stop loss to manage unexpected reversals. Risk only 1-2% per trade to maintain long-term account sustainability and protect capital in highly volatile sessions.