PITBULL SHORT TERM FORECAST

Why is PIT pump taking so long? 😅 I'm sure you all have asked and I would like to humbly answer that question.

PIT is consolidating along the 0.00000000052-54 price zone. Selling pressure is tremendously weak and candles are just waiting for the buy volume to pile up and push the price higher.

The 1H chart may look like a bearish rectangle, but don't be fooled, for it is not. A huge double bottom is also visible in the chart. Short term upside target is 0.00000000058.

So why do I prefer the bullish double bottom over the bearish rectangle? Here's my ten cents, if you zoom out in the 1D PIT chart, candles are now hovering above a huge bullish falling wedge pattern. This suggests that PIT is long term bullish.

If you'd like to day trade PIT, the best entry is 0.00000000052-54.

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Chart below👇