$BSW
USDT BEARISH BREAKDOWN – SUPPORT BREACHED, DOWNSIDE EXTENSION LIKELY
The recent hourly chart of $BSWUSDT shows a strong bearish momentum with consecutive red candles, breaking below key minor supports. Current price is $0.0175, down -16.67%, indicating aggressive selling pressure without any strong reversal wick yet.
🔑 Key Levels:
Resistance: $0.0180 – $0.0185 (previous support turned resistance)
Support: Immediate: $0.0172 (24h low), Major: $0.0165
📊 Trade Setup (Short):
Entry: $0.0176 – $0.0178 (if price retests resistance)
Take Profit Targets: TP1: $0.0172, TP2: $0.0168
Stop Loss: $0.0185
🌐 Market Outlook:
Overall trend remains bearish with no sign of strong buyer absorption. A potential continuation towards lower support zones is expected if the price fails to reclaim above $0.0180 resistance soon.
⚠️ Risk Management:
Trade with 1-2% capital risk per position. Avoid over-leveraging during high volatility to protect against unexpected wicks and rapid reversals.
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buy and trade here on $BSW