#MarketPullback
🔷 Chart Pattern
chart shows a triangle pattern, more specifically a symmetrical triangle (both sides narrowing toward a point).
This usually forms when buyers and sellers are in balance — and a breakout decides the next move.
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📈 Pattern Signal
Neutral to bullish right now.
Price is near the upper boundary of the triangle, showing buying pressure.
If it breaks above the upper trendline with good volume → bullish breakout expected.
If it falls below the lower line → bearish correction.
So currently, market is waiting for breakout confirmation.
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💪 Support & Resistance Levels
(Approximate levels from your chart)
Strong Support:
🔹 $0.085 – $0.087 zone → buyers previously defended this level.
Immediate Resistance:
🔹 $0.095 – $0.097 zone → top of triangle.
Major Resistance (Breakout Target):
🔹 $0.105 – $0.110 → next target after breakout.
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🔮 Future Expectation
If the breakout happens upward:
Target 1: $0.105
Target 2: $0.120 (within 2–4 weeks depending on market sentiment)
If breaks downward:
Likely retest of $0.080 support zone.
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⚠️ Tip
Wait for: ✅ A 4-hour candle closing above $0.097 with increasing volume → confirms bullish move.
❌ A drop below $0.085 → bearish invalidation