After its listing on Perpetual C/USDT printed a powerful Wave 1 rally of +300%, showing strong initial momentum. The following phase was a healthy corrective Wave 2, allowing the market to reset and absorb early profit-taking.
Currently, price action is stabilizing around the $0.20 zone, forming a perfect base support. Volume is gradually picking up, and the bullish structure is starting to build, suggesting that Wave 3 — the strongest and most explosive wave in Elliott Wave theory may be about to begin.
This setup positions the $0.20 zone as an ideal accumulation level, with the potential for a parabolic breakout once Wave 3 confirms.
Currently, price action is stabilizing around the $0.20 zone, forming a perfect base support. Volume is gradually picking up, and the bullish structure is starting to build, suggesting that Wave 3 — the strongest and most explosive wave in Elliott Wave theory may be about to begin.
This setup positions the $0.20 zone as an ideal accumulation level, with the potential for a parabolic breakout once Wave 3 confirms.
Note
Remember 5th rule of breakout its make or break 
🧠 8+ yrs in crypto | ⚡ Scalp & swing trader | 📊 Price action lover | 🎯 Hunting setups daily ✅
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🧠 8+ yrs in crypto | ⚡ Scalp & swing trader | 📊 Price action lover | 🎯 Hunting setups daily ✅
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.