$BLUR Earlier, negative news about the official website’s frontend being phased out soon sent the price crashing straight to 0.00959. Panic selling was flushed out all at once, and a recovery bounce is now underway.
Looking at the fund flow data, quite a bit of money has flowed out of futures over the past 12 hours, and there are clear signs of shorts closing. Some large holders are also starting to shift toward the long side. On top of that, the candlestick chart printed a long lower wick near 0.00959, and the price has climbed back above the short-term moving averages. This rebound isn’t entirely without reason.

Of course, BLUR’s problems remain, and the negative news surrounding the platform can’t be ignored. But sometimes that’s just how the market works: the sharpest drop comes when the news breaks, and once the panic has run its course, the price may bounce for a while.

My current plan is to look for opportunities to go long on a pullback, with an initial target of 0.016.
@老周抓趋势
That said, to be clear, this is just a potential oversold rebound—not a sign that the trend has completely reversed. If the price gets near the target, consider taking profits in stages. If it weakens again on a pullback and breaks below the key low, don’t stubbornly hold on.

Coins like this can shoot up fast, but they can also come crashing down just as quickly. If you want to trade it, manage your position size and set your stop-loss in advance. Don’t chase it just because the price is rising.

Do you think BLUR can reach 0.016 this time, or will it head lower again once the rebound is over?
#BLUR #山寨币 #合约思路