SpartaBTC

PSG/USD Secondary trend and reversal zone. 22 11 2023

Long
SpartaBTC Updated   
BINANCE:PSGUSDT   PSG / TetherUS
Logarithm. Secondary trend. Trend break zone. Time frame 3 days.


Linearfor clarity of the reversal zone in the altseason.



The main trend and description of the cycles of behavior of the “samsara of stupid money”.

PSG/USDT Main trend. Wedge. 21 11 2023
Comment:
is still unchanged after breaking the resistance of a huge wedge. The price is in the range of the horizontal channel, the price at the meridian. Now at the moment the price is 3,372
Trade closed: target reached:
Local Work. Pump momentum reaching the 6.58 level (13), which is +126% off the downtrend break, or +70% off the break of the 3.860 accumulation channel resistance of this local bowl. Pullback for now.
Comment:
After the pump, rollback to retest the accumulation breakout zone. Recovery back to 5.39. A rare figure has formed - “Microphone” due to many buybacks in the market (short upward squeezes + buyer volume, the order book is strengthening). Local target for May, in case of a breakthrough of this resistance.

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