Is MYROUSDT Ready for a Breakout or Headed for a Breakdown?Yello, Paradisers! 🧐 Are you ready for a potential breakout or are we on the brink of a fake-out? Let’s dive into the latest MYROUSDT setup and what it means for your next move.
💎MYROUSDT has flashed a bullish Change of Character (CHoCH) and has broken out of a right-angle triangle pattern with bullish divergence—an early sign of strength. But what’s next, and how should we position ourselves to play this smartly?
💎If MYROUSDT breaks out and closes a candle above resistance zone, it will significantly increase the probability of a bullish continuation.
💎In the event of a retracement, a bounce from this area would align with maintaining bullish momentum. However, to add confidence to this setup, we need to spot a bullish internal CHoCH on lower time frames as confirmation.
💎Should the price break down and close a candle below the support zone, our bullish thesis would be invalidated. In that case, it’s crucial to step back and wait for more favorable price action to develop rather than jumping in prematurely.
Patience is not just a virtue but a tool. Wait for clear signals and keep your risk management tight.
MyCryptoParadise
iFeel the success🌴
