PNT/USDT upward trajectory? 🚀PENTA Analysis💎 Paradisers, focus on #PNTUSDT as it's making waves in the market! Nestled in a demand zone, it's on the verge of challenging a tough resistance, indicating a ripe scenario for a bullish leap.
💎 Diving into #Penta journey, it's been navigating a descending channel, now breaking free with an eye on regaining strength at $0.1956 to take on that critical barrier once more. A breakthrough could set the stage for a continued rally, with GETTEX:PNT aiming for resistance marks at $.3715 and $.5101.
💎 Seasoned #PNT investors know the crypto journey is filled with twists. Should our breakout hopes narrowly miss, it's crucial to adapt with a planned bullish rebound from the support at $0.1819, ensuring we're always one step ahead.
💎 And, if #PNT slips beneath this line, it's time for a tactical rethink. Such a move would signal a call to reevaluate our bullish stance, prompting a strategy refresh to stay in sync with market shifts.
Penta
PNTUSDT preparing for resistance Breakout? 👀 🚀Penta💎 Paradisers, turn your attention to #PNTUSDT as it's currently charting a significant course in the market. Positioned in a demand zone, it is gearing up for another attempt to breach a formidable resistance level, hinting at a strong potential for a bullish movement.
💎 Delving into #Penta market history, we observe its adherence to a descending channel pattern, culminating in a break and subsequent upward movement. Recently, after a rejection from the solid resistance level at $.2935, it is regaining momentum to challenge this threshold again. A successful breakout here could pave the way for a likely upward trend. Should this bullish momentum persist, NASDAQ:PNT is set to target the resistance levels of $.3715 and $.5101.
💎 However, experienced #PNT traders understand that the path in crypto markets isn't always linear. If the anticipated breakout becomes a close call and deviates from expectations, be ready to pivot towards a bullish resurgence from the support level of $0.2113. This should be part of your strategic contingency planning.
💎 Additionally, if #PNT dips below this support level, a strategic shift may be necessary. Such a development would indicate the need for a reassessment of the bullish perspective, requiring an adjustment in strategy to align with the evolving market dynamics. 🌴💰.
Trading Plan 6/2020 - PentaStrategy Uptrend Breakout Entry
I usually enter with 10% of my portfolio, then ride the trend.
Graph set up is a nice uptrend and momentum is building up, with a Inverse HnS forming
Exit Plan:
Noticeable there are 2 gap support , therefore my interpretation would be , they are strong support(which should not break), this is the kind of case I would exit at 5%, and 10% loss again
(Usually I exit at 7 - 10% loss)
Disclaimer: This is only a sharing of how I analyse & plan my trade.
PENTA - Bullish Breakout, More UpsidePENTA
Rst: 5.17/ 5.43
Spp: 4.98
Hammer candle, widening BB and surging RSI, MACD. This counter has all the bullish catalyst to advance. Fibo max target at 5.76
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