I almost closed this chart. Another memecoin perpetual, 5 billion volume, wild swings—it usually ends the same way. But the EMAs stopped me.
Look closely. The 7 EMA at 0.015941 has just crossed above the 25 EMA at 0.013653. That's a short-term bullish shift. Yet the 99 EMA sits above at 0.021675—the recent high. Price is trapped in this range, coiled between the recent low of 0.012 and that high.
What's quietly telling is the Supertrend at 0.014063. It flipped bullish on the last leg up. But the real story? That 24h low at 0.0121. That's the line in the sand. If institutions are watching anything, it's that level—a potential bear trap if swept, or a breakdown if lost.
I've learned that chasing a 60% 7-day gain into a descending 99 EMA is a mistake. The probability favors a test of that 0.012 level again before any sustainable move.
Trade Plan: $BLUAI
Bias: Neutral-Bullish, waiting for retest.
Aggressive Entry: 0.0140 - 0.0145 (near Supertrend).
Conservative Entry: 0.0122 - 0.0125 (retest of low).
Confirmation: Bullish candlestick rejection at entry.
Stop Loss: Below 0.0118 (for conservative).
Targets: 0.0160, 0.0180, 0.0200 (near 99 EMA).
R:R: ~2:1 on conservative.
Invalidation: Close below 0.0118 on high volume.
Who should avoid? Anyone who can't handle a 15%+ drawdown to entry. I'm waiting for that sweep, or I'm not taking it.
What level are you watching for confirmation?
$BLUAI
#FedSplitOnRateHikesDeepens #TurkeyRestrictsBlackSeaShipTraffic #IraqOilExportsFall75%
Look closely. The 7 EMA at 0.015941 has just crossed above the 25 EMA at 0.013653. That's a short-term bullish shift. Yet the 99 EMA sits above at 0.021675—the recent high. Price is trapped in this range, coiled between the recent low of 0.012 and that high.
What's quietly telling is the Supertrend at 0.014063. It flipped bullish on the last leg up. But the real story? That 24h low at 0.0121. That's the line in the sand. If institutions are watching anything, it's that level—a potential bear trap if swept, or a breakdown if lost.
I've learned that chasing a 60% 7-day gain into a descending 99 EMA is a mistake. The probability favors a test of that 0.012 level again before any sustainable move.
Trade Plan: $BLUAI
Bias: Neutral-Bullish, waiting for retest.
Aggressive Entry: 0.0140 - 0.0145 (near Supertrend).
Conservative Entry: 0.0122 - 0.0125 (retest of low).
Confirmation: Bullish candlestick rejection at entry.
Stop Loss: Below 0.0118 (for conservative).
Targets: 0.0160, 0.0180, 0.0200 (near 99 EMA).
R:R: ~2:1 on conservative.
Invalidation: Close below 0.0118 on high volume.
Who should avoid? Anyone who can't handle a 15%+ drawdown to entry. I'm waiting for that sweep, or I'm not taking it.
What level are you watching for confirmation?
$BLUAI
#FedSplitOnRateHikesDeepens #TurkeyRestrictsBlackSeaShipTraffic #IraqOilExportsFall75%