🚀 $BSW /USDT – Biswap Ignites: True Breakout or Bull Trap?

🕓 4H Chart | 💥 Price: $0.0355 (+46.09%)

After a long downtrend, BSW unleashed a massive breakout candle, smashing through all key moving averages in one go. Is this a trend reversal or a lure for latecomers?

🎯 Target Levels:

🎯 Target 1 – $0.042

First resistance area. Price stalled here often in May. A retest seems likely if momentum persists.

🎯 Target 2 – $0.052

Key psychological and structural barrier. Matches prior swing high. Clearing this confirms bullish strength.

🎯 Target 3 – $0.070+

The trend reversal trigger. Breaking here could signal macro accumulation, potentially eyeing $0.09–0.10 over time.

🧠 Technical Breakdown:

📈 Surged past MA7, MA25, and MA99 in one explosive candle — a strong bullish signal.

📊 Volume surge shows fresh buyer interest.

🔄 Past pattern: similar spikes often faded without news or sustained demand.

⚠️ Risk Level:

Invalidation below: $0.021 – a close under this kills the breakout setup and suggests a false move.

Conclusion:

BSW might be breaking free. If bulls defend above $0.030, a multi-leg rally could unfold. But beware: fakeouts have happened before — the next candle’s action outweighs this one.

⚠️ DYOR – Always Research Yourself. Not financial advice. Markets are volatile — trade with care!