$PERP /USDT – Bullish Breakout Brewing!
Price: $0.2689 (+1.01%)
Market Structure:
$PERP is forming higher lows and higher highs on the 30m chart, showing signs of strong upward momentum. After a healthy retracement and consolidation around the $0.26 zone, bulls are stepping back in!
Key Levels:
Resistance: $0.2730
Support: $0.2550
Breakout Level: $0.2690 (currently testing)
Trade Setup:
Entry Zone: $0.2670 – $0.2695
Target 1: $0.2730
Target 2: $0.2785
Stop Loss: $0.2580
Market Insight:
This move looks like a breakout retest play. Previous resistance at $0.268 is now being flipped into support. If volume supports this candle close, we could see another leg up.
Pro Tip:
Wait for a 30m candle close above $0.269 with strong volume for confirmation before entering.
Get Ready!
PERP is heating up – breakout traders, keep it on your radar and manage your risk like a pro!
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