### πΉ **Technical Analysis & Setup:** β **Pattern:** **Bearish Breakdown from Rising Wedge π β π** β **Resistance Zone:** Strong seller presence around **$13.80 - $13.86 (Yellow Zone)** β **Breakdown Confirmation Needed:** Price should drop below $13.80 with strong volume β **Momentum Shift Expected:** Breakdown signals **potential downtrend continuation**
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### π₯ **Trade Strategy & Refinements:** π **Volume Confirmation:** Look for **increased selling volume** below $13.80 π π **Trailing Stop Strategy:** Once price reaches **TP1 ($13.20), adjust SL lower** to secure profits π° **Partial Profit Booking:** Take **partial profits at TP1** and let the rest ride towards **TP2 ($12.49+)** β οΈ **Watch for Fake Breakdowns:** If price **rises above $13.86**, reconsider the setup
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### π **Final Thoughts:** β **Bearish Breakdown Expected β High probability of continuation lower** π β **Strong Resistance at $13.80 β Ideal short entry for risk-reward optimization** π° β **Momentum Shift Possible β A drop below $13.20 could drive PTLO to $12.49+** π π **Trade Smart & Stick to Your Plan!** ππ₯
Would you like any refinements or additional insights? ππ
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