POPCAT — Base Building Near HTF Support

6 Jun

POPCATUSDT is showing early signs of a bottoming process near a key HTF S/R level + 1D FVG zone around $0.30. Price is consolidating just above support, suggesting a base is forming, but more chop is expected before a clean reversal.

🟩 Key Support: $0.30
• Confluence of 1D Fair Value Gap + prior S/R
• Ideal zone to monitor for a long trigger
• No aggressive entries yet — wait for structure

🔁 Likely Scenario:
• Sweep / wick into $0.30
• Higher low forms → reclaim of $0.41 confirms reversal
• First resistance: $0.45–$0.55
• Larger expansion possible on breakout above $0.60

🟥 Invalidation:
• Full breakdown below $0.30 = reevaluate, next support lower at $0.23–0.20

📌 Let the bottom form. The cleaner the base, the stronger the breakout.

14 Jun

Nota

Entry 0.3 - filled

16 Jun

Nota

Three drives pattern completed right at the support — swing is in play.

Price is now targeting both trendline and horizontal resistance at $0.425–$0.45 (red box). A clean break and flip of this zone on the daily opens up room for a sharp move higher. Structure still favors a squeeze if we see confirmation above resistance.

Watching for a decisive 1D close above the red box to trigger momentum. No need to rush entries — let the chart prove itself.

Setup remains valid while holding above the base at $0.30. Next resistance zones: $0.45 and $0.55+. If rejected, still looking to manage risk around the original support.

Let’s see if the breakout delivers.