I'm watching $PERP —breakout or bulltrap?

Current Price: $0.2977 (+14.90%)

Momentum: Price broke $0.31 but faded fast—now testing support around $0.2950

Market Structure:

• Rejection at $0.3183

• Bounce holding above demand at $0.2950

• Consolidation phase — needs a confirmation move

Key Levels:

• Support: $0.2950 / $0.2850

• Resistance: $0.3050 / $0.3180

Trade Setup (if bounce holds):

• Entry: $0.2960 – $0.2990

• TP1: $0.3050

• TP2: $0.3180

• Stop-Loss: Below $0.2900

Fakeout Alert:

If $0.2950 cracks on volume, this turns into a failed breakout — stay sharp.

Pro Tip:

No rush—wait for a clean bullish candle + volume over $0.3050 before chasing. In setups like this, patience pays.

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