🚨 If you think this 6% bounce is the start of a new bull run, you are exactly the liquidity the market is hunting. 🩸
$BLUAI just printed a local high of 0.0102 and immediately got smacked down into a brutal consolidation. Sure, the order book shows 56% buy pressure right now, but zoom out—this coin is still down a massive 65% over the year and 23% over the last 90 days. That 2M+ USDT volume is relatively thin, meaning one big whale can yank the price wherever they want. I am not buying this weak relief rally; I'm personally playing the downside to catch the inevitable retest of the recent lows.
My personal short position setup:
Entry: 0.009200
Stop Loss: 0.009550 (Cut it fast if it reclaims the 24h high)
Target 1: 0.008850
Target 2: 0.008300
Don't get trapped in the chop, protect your capital.
$BLUAI
$BLUAI just printed a local high of 0.0102 and immediately got smacked down into a brutal consolidation. Sure, the order book shows 56% buy pressure right now, but zoom out—this coin is still down a massive 65% over the year and 23% over the last 90 days. That 2M+ USDT volume is relatively thin, meaning one big whale can yank the price wherever they want. I am not buying this weak relief rally; I'm personally playing the downside to catch the inevitable retest of the recent lows.
My personal short position setup:
Entry: 0.009200
Stop Loss: 0.009550 (Cut it fast if it reclaims the 24h high)
Target 1: 0.008850
Target 2: 0.008300
Don't get trapped in the chop, protect your capital.
$BLUAI