$BLOCKST is trading into a major demand zone where buyers may begin to step in.

Trading Plan Long $BLOCKST

Entry: 0.00170 – 0.00180

SL: 0.00160

TP1: 0.00200

TP2: 0.00230

TP3: 0.00270

The asset has collapsed from 0.0030 to 0.001788 — a 40% decline. The current price is now approaching a critical support area where buyers have historically defended with strength. The RSI reading stands at 11, indicating deeply oversold conditions. Volume has spiked during the selloff, which often signals capitulation — the moment when weak hands finally give up and smart money starts loading up. The 4-hour chart shows a massive red candle, but moves like this are rarely sustainable. When you see a drop this big this fast, it's usually a sign that the market is getting exhausted to the downside. If buyers defend this zone, the next resistance areas to monitor are 0.0020 and 0.0023, where previous support may now act as resistance turned support. The broader structure suggests that this decline is overextended, and a rejection here would confirm that the bullish reversal is imminent.

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