LEVER/USDT Break Ascending Triangle. Upward Momentum ???
💎 LEVER has unquestionably made its mark in the market. The current scenario sees LEVER successfully breaking out of the ascending triangle pattern. To anticipate a potential false breakout, we can patiently wait for the closing candle to be above the resistance level, particularly at higher time frames like 8 hours, 12 hours, or 1 day.
💎 If LEVER's breakout is confirmed, this signifies an upward momentum, and the probability we may expect a retesting phase before witnessing a substantial upward movement toward our target area.
💎 In the event of a false breakout where LEVER encounters a bearish rejection candle, there's a possibility of retracement back to the demand area. The less favorable scenario unfolds if LEVER fails to rebound from the demand and subsequently breaches the demand area. In such a situation, LEVER is poised to continue its downward trajectory, retracing to the robust demand area.
💎 If LEVER's breakout is confirmed, this signifies an upward momentum, and the probability we may expect a retesting phase before witnessing a substantial upward movement toward our target area.
💎 In the event of a false breakout where LEVER encounters a bearish rejection candle, there's a possibility of retracement back to the demand area. The less favorable scenario unfolds if LEVER fails to rebound from the demand and subsequently breaches the demand area. In such a situation, LEVER is poised to continue its downward trajectory, retracing to the robust demand area.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Want to trade like a PRO without the 15+ year learning curve?
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.