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MyCryptoParadise_Simon
Aug 2, 2023 5:39 PM

PERPUSDT bullish ride?💎🐂 PERP Today Analysis Long

PERP / TetherUSBinance

Description

💎 It's primed for an impressive move as it has nicely tapped the Order Block (OB) and initiated a bullish surge.

💎 Upon deep analysis, we notice that the previous demand turned into supply, causing a downward price movement. The presence of liquidity is the driving force behind this move.

💎 The first bounce saw a price rejection, but the second bounce was weaker despite the rejection, leading to a downward move.

💎 Given the clear imbalance, liquidity, and bearish OB above, we expect the price to reach this level to mitigate this OB.

💎 In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey

Trade closed: target reached

Comments
SwallowPremium
In the current state of market, this asset is not the easiest to predict but you explained it pretty well.
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