Yello, Paradisers! PYTHUSDT is shaping up nicely after forming a W pattern at a key supportive trendline. But the real question is—will the price hold and push upward, or is a breakdown lurking just around the corner? Let’s break down the critical levels and scenarios you need to watch closely.
💎If PYTHUSDT breaks above the resistance level and closes a candle above it, the odds of a bullish move increase significantly. This breakout would confirm the W pattern, signaling potential upside momentum.
💎There's still a risk that PYTHUSDT could retrace further before any bullish breakout happens. If the price drops lower, it could be a liquidity grab (inducement) to shake out weaker hands before bouncing from the strong support zone.
💎In that case, it’s better to wait for the retracement to play out and then look for a bullish reaction from the strong support zone before taking any action.
💎Now, here’s the worst-case scenario: if PYTHUSDT breaks below the strong support zone and closes a candle beneath it, the bullish structure will be completely invalidated.
💎In this case, it’s better to stay patient and wait for a clearer price structure to form before re-entering any positions. Never chase the trade—we wait for the highest probability setups to align.
🎖 Remember, patience is key in trading! The market will always provide opportunities, but it’s the disciplined traders who capitalize on them. Stay focused on key levels, wait for confirmations, and don’t get caught by false moves.
