Key Levels: Watching support around 0.0938
MACD (Daily): Momentum is beginning to curl upward, showing early signs of a potential shift in trend.
RSI: Sitting in oversold territory, historically an area where PERP often reacts.
Volume: Gradually increasing, signaling growing interest as price approaches a major support zone.
Idea
PERPUSD is sitting on a strong historical demand level while multiple momentum indicators show early reversal conditions. If buyers continue to step in and volume expands on green candles, this area could mark the start of a short-term bounce or even a broader trend recovery.
Invalidation
A clean breakdown below support would invalidate the reversal structure.
MACD (Daily): Momentum is beginning to curl upward, showing early signs of a potential shift in trend.
RSI: Sitting in oversold territory, historically an area where PERP often reacts.
Volume: Gradually increasing, signaling growing interest as price approaches a major support zone.
Idea
PERPUSD is sitting on a strong historical demand level while multiple momentum indicators show early reversal conditions. If buyers continue to step in and volume expands on green candles, this area could mark the start of a short-term bounce or even a broader trend recovery.
Invalidation
A clean breakdown below support would invalidate the reversal structure.
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.
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.