Yello, Paradisers! Have you been watching ORDIUSDT closely? Well, it's showing signs that could lead to a big move! Let's break it down.
đORDIUSDT is currently testing a key descending channel and has flashed a Change of Character (CHoCH) towards a bullish market structure. Not only that, but the chart has formed an Inverse Head and Shoulders pattern, which further boosts the chances of a bullish breakout.
đIf ORDIUSDT manages to break above the resistance zone and close a candle above it, this will confirm the Inverse Head and Shoulders pattern, significantly increasing the likelihood of a bullish reversal.
đOn the other hand, if there's a pullback, we could see a bounce from the support zone. However, to confirm this bounce and give ourselves the edge, weâll need an Internal Change of Character (I-CHoCH) on the lower timeframes.
đBut be cautious. If the price breaks down and closes a candle below the support zone, it would invalidate our entire bullish setup. In that case, itâs wiser to step back and wait for a better opportunity to present itself.
đPatience is key here, Paradisers. Remember, only the disciplined and strategic traders make it far. Stick to the plan, and donât let emotions drive your trades. Stay focused!
MyCryptoParadise
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