PERP/USDT Bounce in the crucial zone. Ready to upward Movement??
💎 PERP is undeniably on our radar. After a notable bounce from the Bullish OB in the short-term, we've observed PERP's movement within a descending channel pattern. The recent 4H candle showcased a robust bullish Maribozou, hinting at a potential continuation of its upward trajectory towards the supply at $0.638.
💎 This level also coincides with the descending channel's resistance, making it crucial for PERP to breach both for a smooth sail to the main resistance zone. However, if PERP struggles to break this pattern, we might witness a rejection pushing it towards the nearby support, setting the stage for another attempt to break through.
💎 Should PERP revisit the Bullish OB in the short term and fail to maintain its stance, there's a risk of it dropping further to the demand zone around $0.45.
💎 This level also coincides with the descending channel's resistance, making it crucial for PERP to breach both for a smooth sail to the main resistance zone. However, if PERP struggles to break this pattern, we might witness a rejection pushing it towards the nearby support, setting the stage for another attempt to break through.
💎 Should PERP revisit the Bullish OB in the short term and fail to maintain its stance, there's a risk of it dropping further to the demand zone around $0.45.
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