PERPUSDT demonstrates the formation of a potential W setup, marked by price accumulation within an ascending structure. Presently, the price is confined within a range that encompasses crucial Points of Interest (POI) and a Key Neckline Zone.
The POI serves as a strategic area for buy accumulation, while the Key Neckline Zone holds significance as a pivotal point for potential breakout. An upward breach of this zone might trigger a robust rally, signifying a strong bullish momentum.
The target for this potential formation is outlined on the chart, offering insights into potential price movement.
This analysis warrants close observation. Your support matters! Boost this post for wider reach and ensure to follow us for continuous updates.
Trade active
⋅
Trade active
⋅
Going perfectly as expected. Keep holding
Trade active
⋅
The price has successfully breached the neckline zone of the W pattern, marking a significant development. As anticipated, we have identified a new buy-back zone for those interested in acquiring the coin. Enjoy the opportunity!