#1000RATS STRICTLY FOLLOWS THIS PATTERN WHERE MANY TRADERS HAVE NEVER NOTICED!
Currently, RATS is moving in a ranging market structure from 0.06927-0.18246. This has made several attempts to test the resistance seem like it'd break. Although, what we're currently looking at would be the realistic perspective of what could potentially happen next. Knowing the fact that the resistance is just around the corner and taking the double peaks of RATS since 2023. We can safely assume that it will be having a hard time in breaking this resistance. Albeit, most would argue the fact that it has stayed on top of the previously broken major resistance last 2023. We can tell that the buyers and sellers are agreeing to one thing and that's the fact that the price should take another correction before continuing its markup phase. Although, this is not the final scenario that we have in mind. This scenario would likely play out causing both late longs and late shorts to be shaken out from the market.
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Stay wise, trade cautiously.