Is PYRUSDT on the verge of a breakout or a fake-out?Yello, Paradisers! #PYRUSDT is showing an exciting setup with an inverse head and shoulders pattern forming. #PYR's price is right at the neckline resistance, and the market is watching closely to see what happens next.
💎The resistance between $2.70 and $2.75 has been a strong barrier, coinciding with the neckline of the pattern. While this level has held firm for the past few days, a clean breakout here could trigger a significant surge.
💎Volume is picking up, indicating that market participants are getting involved, increasing the probability of a strong move higher. If the breakout happens, PYR could first aim for the $2.90 to $3.00 range, with the pattern target positioned at $3.20 to $3.25.
💎PYR's primary support standing fine at $2.55 level. Meanwhile a major support base with solid foundation is holding between $2.30 to $2.40 levels. As long as this area holds, the sellers will find it difficult to push the price further lower.
Paradisers! this is why staying patient and disciplined in your trading is crucial. If we break through resistance, the move could be explosive, but remember, waiting for confirmation is key.
MyCryptoParadise
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