Yello, Paradisers! Are we on the brink of a significant move in #LEVERUSDT? Let's dive in.
💎#LEVER is currently showing signs of a successful breakout from the falling wedge pattern—a bullish signal that suggests upward momentum. However, the current price action is testing the resistance zone at 0.0019 - 0.00204 and has faced rejection. If LEVER fails to break out above this resistance soon, we could see the price retracing to the demand zone at 0.00159 to gather momentum for another attempt.
đź’ŽShould LEVER manage to break through the 0.00204 resistance, there's a high probability that the price will quickly reach the first target area. If it also overcomes resistance at that level, we could witness a significant upward move towards our final target within a strong resistance zone.
đź’ŽHowever, the bearish scenario comes into play if LEVER tests the demand zone but fails to bounce. If this occurs, the price is likely to break down further, heading towards the last support area at 0.00134.
đź’ŽThe bullish outlook will be invalidated if we see a daily candle close below the key support area. If this happens, it would confirm a continuation of the downward trend, signaling a deeper dip.
Remember, in trading, staying disciplined is key.
MyCryptoParadise
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