$PERP /USDT – Breakout or Bulltrap? ⚠️
Current Price: $0.2977 (+14.90%)
Market at a Decision Point – Is This the Real Deal or Just a Tease?
Price broke above $0.31 but quickly retraced, now hovering above a key support zone ($0.2950). A bounce is holding—but volume needs to support the move.
🔍 Market Structure:
• Previous breakout attempt rejected at $0.3183
• Holding above the demand zone around $0.2950
• Currently consolidating—breakout needs confirmation
📊 Key Levels:
• Support: $0.2950 / $0.2850
• Resistance: $0.3050 / $0.3180
🎯 Trade Setup (Only if bounce holds):
• Entry: $0.2960 – $0.2990
• TP1: $0.3050
• TP2: $0.3180
• Stop Loss: Below $0.2900
⚠️ Fakeout Alert:
If price loses $0.2950 support with strong red candles, it could turn into a failed breakout—watch volume and momentum closely.
Pro Tip:
Wait for a strong bullish candle + volume above $0.3050 to confirm the breakout. Patience beats premature entries!
Will $PERP hold the line or sink below? Keep your eyes locked!
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