KDOEUSDT is currently consolidating within a symmetrical triangle pattern, which is known for its directional ambiguity and can break out to either the upside or downside. We have prepared two contingency scenarios:
Scenario A outlines a potential bearish breakdown, complete with projected target levels should the pattern resolve downwards.
Scenario B describes a potential bullish breakout, including prospective target levels in the event of an upward resolution.
Our strategy is to observe the market patiently for a definitive breakout from this pattern. In the interim, astute traders may capitalize on the triangle's boundaries by implementing a range-bound trading strategy: shorting at the resistance trendline and buying at the support trendline of the triangle.
Do share your perspectives on our analysis and would appreciate your support with likes.
Thank you.
Scenario A outlines a potential bearish breakdown, complete with projected target levels should the pattern resolve downwards.
Scenario B describes a potential bullish breakout, including prospective target levels in the event of an upward resolution.
Our strategy is to observe the market patiently for a definitive breakout from this pattern. In the interim, astute traders may capitalize on the triangle's boundaries by implementing a range-bound trading strategy: shorting at the resistance trendline and buying at the support trendline of the triangle.
Do share your perspectives on our analysis and would appreciate your support with likes.
Thank you.
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REAL Weslad: t.me/WESLAD ✅
For premium Zone: t.me/wcsepayment ✅
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