$PERP /USDT โ€“ Breakdown in Progress: Key Support Under Pressure! โš ๏ธ๐Ÿ”ป

After a sharp rejection from the $0.2260 high, $PERP has entered a steady decline, now trading at $0.1852 (-6.28%) and brushing against its 24h low of $0.1847. With the SAR flipped bearish at $0.2217, sellers are clearly in control, eyeing deeper levels below.

๐Ÿ“Š Market Overview:

Current Price: $0.1852

24H High / Low: $0.2260 / $0.1847

24H Volume: 6.50M PERP | $1.34M USDT

SAR: $0.2217 (Bearish pressure building)

๐Ÿ“‰ Technical Breakdown:

Price dropped over 18% from the top

Heavy sell volume confirms breakdown structure

Next support zone: $0.1760 โ€“ $0.1785

Resistance flips to $0.1920

๐ŸŽฏ Trade Setup (Bearish):

Entry: $0.1845 โ€“ $0.1865

Target 1: $0.1785

Target 2: $0.1758

Stop-Loss: Above $0.1915

๐Ÿ”„ Watch for Reversal If:

Price holds $0.1840 with bullish divergence

Reclaim of $0.1930 would invalidate short setup

The bears are pressing hard โ€” any breakdown below $0.1840 could accelerate the move. Play the momentum, but manage risk tight!

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