Could PYTHUSDT Be Primed for a Bullish Breakout?PYTHUSDT has recently broken out of its resistance trendline and entered a consolidation phase, forming a potential inverse head and shoulders pattern. This setup could signal an upcoming bullish move—but key levels must be confirmed before a trade setup is validated.
💎If PYTHUSDT breaks out and closes a candle above the current resistance zone, it would validate the inverse head and shoulders pattern, significantly boosting the probability of an upward move.
💎If retracement occurs, we could expect a bounce from the support zone. For a higher probability of success, look for a bullish Internal Change of Character (I-CHoCH) as confirmation in lower timeframes.
💎Should the price break down and closes candle below the support zone, it would invalidate this bullish scenario. In that case, it’s wise to stay patient and wait for a clearer price action setup to develop.
Remember, rushing in without confirmation often leads to costly mistakes. Play it safe, Paradisers, and always wait for the highest probability opportunities—this is how you secure consistent gains over time.
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