Is PAAL on the Verge of a Bullish Breakout?

Jul 29Yello, Paradisers! Have you noticed the recent surge in #PAALUSDT? After bottoming out from a double bottom formation, #PAAL has shown significant bullish momentum, capturing attention with its strong upside movement. But the question remains: Is this the start of a sustained rally, or just a temporary spike? Let's dive in!

💎PAAL recently recaptured a crucial S/R level between 0.270 to 0.284, confirming this zone as a strong support area. The price retested this level and held firm, setting the stage for a strong upward run. The potential formation of an AB=CD bullish pattern suggests that price could see more upward movement if this pattern plays out. If PAAL maintains 0.270 to 0.284 level support in the coming hours, a move towards minor resistance levels of 0.3770 to 0.3915 is likely.

💎While some profit-taking might occur at minor resistance zone, sustained momentum on the other hand could push PAAL even higher, targeting the strong resistance levels between $0.504 to $0.540. This strong resistance coincides with the 50% retracement of the corrective wave between 0.88 and 0.17, making it a significant target.

Paradisers, strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler.

MyCryptoParadise
iFeel the success🌴