$BSW
Chart Analysis (BSW/USDT - 1H Timeframe) & Trade Suggestion đ„
đ„ Current Price: $0.0527
Change: -10.83% (Bearish Sentiment)
Support Level: $0.0485 - $0.0421
Resistance Level: $0.0568 - $0.0651
đ„ Moving Averages:
MA(5): $0.0533 (Short-term)
MA(8): $0.0533 (Mid-term)
â Trade Setup: Short Position
Entry Price: $0.0535 - $0.0545 (Retest of MA 5 & 8)
Target (Take Profit): $0.0485 (Support Level)
Stop Loss: $0.0580 (Above Resistance)
đŻ Final Decision: SHORT
đReasoning:
Strong Downtrend: Price has failed to recover after a massive dump from $0.0798.
Bearish MA Crossover: The price is trading below both MA(5) & MA(8), confirming a bearish trend.
Weak Buying Pressure: No significant rebound after the fall, signaling continued downside.
đĄ Conclusion:
Go SHORT around $0.0535 - $0.0545, with a target of $0.0485, and a stop loss at $0.0580 to control risk.
â ïž Disclaimer !
This is just educational purpose only always take final decision base on your own research because crypto market is inherited risky & highly Volatile .