Trading Signals for **BSW (Biswap)

in #kr • 10 days ago

Action:

  • Strategy: Long Position with Breakout Potential.

Entry Range:

  • $0.08050 - $0.08300

Stop Loss (SL):

  • $0.07950 - $0.08020

Take Profit (TP):

  • Short-Term Targets: $0.08650
  • Extended Targets: $0.09350

Analysis:

BSW has shown significant volume growth in the last 24 hours (35.73%), with a robust Vol/Mkt Cap ratio of 28.63%, indicating strong market activity. The price is nearing the upper range of its daily high-low at $0.08584, suggesting potential for a breakout above key resistance at $0.08600.

The consolidation pattern observed between $0.07474 and $0.08500 over the past day suggests traders are accumulating positions. This could result in a breakout, especially if volume sustains or increases.
Long Setup: Wait for a breakout confirmation above $0.08500 with momentum.
Short Setup: If price retraces and fails to hold $0.08050, consider shorting with a tight SL.

Additional Details:

  • Market Cap: $44.08M
  • Circulating Supply: 537.91M BSW (84.53% of Max Supply)
  • Recent Low: $0.03927 (Aug 2024, +109.65%)

🥂 **Trade Now

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10 days ago in #kr by
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