$BLUR ‌BLUR/USDT Analysis: Support Being Tested as Selling Pressure Eases



BLUR/USDT is trading near $0.0191, just above the 24-hour low of $0.0185. Selling pressure has dropped significantly, while trading activity suggests buyers are gradually stepping in. If support continues to hold, a short-term rebound remains possible.

On-chain activity shows mixed sentiment. Large holders have reduced their positions, but the number of new whale wallets has increased, indicating renewed interest despite recent selling. The current long-to-short ratio of 1.8:1 favors buyers but is not yet at an extreme level.

Trade Plan

Bullish Scenario

- Entry: Near $0.0185 if $0.0190 holds.
- Target 1: $0.0210
- Target 2: $0.0230
- Stop Loss: $0.0178

Bearish Scenario
A break below $0.0178 would invalidate the bullish setup and could trigger a deeper decline due to limited support below that level.

Risk Management

- Limit position size to 15% or less of trading capital.
- Consider taking partial profits after a 5% gain to reduce risk.
- Monitor volume and price action closely, as confirmation is more important than anticipating a reversal.

Overall, BLUR is at a key support level. Holding above $0.0185 could open the door for a rebound, while a breakdown below $0.0178 would shift momentum in favor of the bears.
BLUR0.81%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
Add a comment
Add a comment
TvlAt3A.m.
· 07-08 13:44
15% position + 5% take profit in batches, this risk control is much more practical than signal calls.
View OriginalReply0
LateAlphaCourier
· 07-08 13:36
0.0178 stop-loss is set a bit tight; if there's a spike, it'll be gone; suggest widening to 0.0175.
View OriginalReply0
StakingDaydream
· 07-08 12:58
With this liquidity in BLUR, it feels hard to rebound to 0.023—being able to touch 0.021 would be pretty good.
View OriginalReply0
LookingAtTheCandlestickChart
· 07-08 12:50
Whale wallets are increasing, but old whales are running away. This signal is quite contradictory. Let's wait and see.
View OriginalReply0
GateUser-14cb5f72
· 07-08 11:40
The long/short ratio of 1.8 is not extreme, indicating that retail investors have yet to enter. If it really pumps, there is room.
View OriginalReply0
  • Pinned