Rising wedge forming on BLZUSDT. It is potentially topping out in the coming hours / days.
Two scenarios I'm personally watching here: 1) We break the lower trend line of the rising wedge. First TP area would then be around 10 cents, second TP around 8 cents. Keep a small percentage open if it completely collapses to the downside (around 6 cents). 2) We keep pushing higher and take liquidity between 17 and 20 cents. If there is a big wick forming to the downside, this might be an ideal short opportunity.
Keep in mind this is an incredibly risky play. Manage your risk carefully.
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