PEPEUSDT: Major Breakout or Major Breakdown? Yello, Paradisers! Is PEPEUSDT gearing up for a bullish surge, or are we on the brink of a breakdown? Let's dive in!
💎PEPEUSDT has broken out of its descending channel and formed an inverse head and shoulders pattern, which significantly increases the probability of a bullish move. But before we get too excited, let's break down what needs to happen next:
💎For this bullish pattern to be confirmed, we need to see a breakout and a candle closing above the resistance zone. This will solidify the probability of a bullish move.
💎In case of a pullback, there's a possibility of a double bottom forming at the support zone. To tilt the odds in our favor, it's wise to wait for a clear I-CHoCH (Internal Change of Character) here.
💎However, if the price breaks down and closes a candle below the support zone, it will invalidate our entire bullish setup.
Stay disciplined and patient, Paradisers. Remember, consistent profitability comes from waiting for the highest probability trading opportunities. Play it smart, and avoid making emotional decisions.
MyCryptoParadise
iFeel the success🌴
