Will PERPUSDT Rebound or Dive Deeper? Critical Levels to Watch!
Yello, Paradisers! Will #PERPUSDT rebound from here or continue to plunge? Let’s dive into the current setup
💎#PERP is flashing a bullish signal after breaking out of a falling wedge pattern, a historically bullish structure. The price is now testing the demand zone, and for the upward momentum to continue, PERP needs to rebound and push toward the minor resistance at **$0.732**. A breakout above this level is crucial for sustained upward movement, with our next target at the major resistance area.
💎But what happens if PERP can't hold the line? If the price fails to rebound and breaks down below the **$0.497** support area, things could turn bearish quickly. In this case, there's a high probability PERP could revisit the major support zone at **$0.389**. Looking at its historical performance, PERP has consistently rebounded when hitting this major support, so there’s a good chance it could do so again.
💎However, the bullish scenario will be invalidated if PERP's daily candle closes below this major support level. This is a crucial zone, as it represents the previous low. If it breaks, PERP could make a new lower low, leading to a deeper dip.
Remember, staying disciplined and following clear strategies are essential in these volatile times.
MyCryptoParadise
iFeel the success🌴
💎#PERP is flashing a bullish signal after breaking out of a falling wedge pattern, a historically bullish structure. The price is now testing the demand zone, and for the upward momentum to continue, PERP needs to rebound and push toward the minor resistance at **$0.732**. A breakout above this level is crucial for sustained upward movement, with our next target at the major resistance area.
💎But what happens if PERP can't hold the line? If the price fails to rebound and breaks down below the **$0.497** support area, things could turn bearish quickly. In this case, there's a high probability PERP could revisit the major support zone at **$0.389**. Looking at its historical performance, PERP has consistently rebounded when hitting this major support, so there’s a good chance it could do so again.
💎However, the bullish scenario will be invalidated if PERP's daily candle closes below this major support level. This is a crucial zone, as it represents the previous low. If it breaks, PERP could make a new lower low, leading to a deeper dip.
Remember, staying disciplined and following clear strategies are essential in these volatile times.
MyCryptoParadise
iFeel the success🌴
Dagangan ditutup: sasaran tercapai
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✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
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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.
Want to trade like a PRO without the 15+ year learning curve?
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
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.