Get Ready for BLZ! 🚀 Bullish Breakout Alert!
💎 Paradisers, #BLZ has recently broken out of a trendline and formed a cup & handle pattern, accompanied by CHoCH and BOS, indicating a bullish market structure.
💎If #BLZUSDT manages to break above the resistance level, it would confirm the cup & handle pattern, potentially leading to a bullish move.
💎In the event of a pullback, we may anticipate a bounce from the demand level, although the probability of this scenario is relatively low, so caution is advised.
💎However, if the price breaks down below the demand level, it can be considered bearish. In such cases, it's advisable to refrain from immediate action and wait for clearer price action to emerge.
💎If you're new to technical analysis and feeling uncertain, don't hesitate to reach out via DM or comment below. I'm here to provide guidance and support.
💎If #BLZUSDT manages to break above the resistance level, it would confirm the cup & handle pattern, potentially leading to a bullish move.
💎In the event of a pullback, we may anticipate a bounce from the demand level, although the probability of this scenario is relatively low, so caution is advised.
💎However, if the price breaks down below the demand level, it can be considered bearish. In such cases, it's advisable to refrain from immediate action and wait for clearer price action to emerge.
💎If you're new to technical analysis and feeling uncertain, don't hesitate to reach out via DM or comment below. I'm here to provide guidance and support.
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