LEVER/USDT Break Ascending Triangle. Upward Momentum ???

287
💎 LEVER has unquestionably made its mark in the market. The current scenario sees LEVER successfully breaking out of the ascending triangle pattern. To anticipate a potential false breakout, we can patiently wait for the closing candle to be above the resistance level, particularly at higher time frames like 8 hours, 12 hours, or 1 day.

💎 If LEVER's breakout is confirmed, this signifies an upward momentum, and the probability we may expect a retesting phase before witnessing a substantial upward movement toward our target area.

💎 In the event of a false breakout where LEVER encounters a bearish rejection candle, there's a possibility of retracement back to the demand area. The less favorable scenario unfolds if LEVER fails to rebound from the demand and subsequently breaches the demand area. In such a situation, LEVER is poised to continue its downward trajectory, retracing to the robust demand area.





Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.