NXPCUSDT - Cup & Handle Formation Breakout Imminent?
Just spotted a textbook Cup & Handle pattern forming on the 1H chart of NXPCUSDT!
Key Observations:
• Price has successfully formed a rounded bottom and is testing resistance near 2.27 USDT.
• Breakout above this level could lead to a strong bullish move toward the next resistance zone at 2.38–2.40 USDT.
• Support zone holding well at 1.89–2.01 USDT, with rising trendline showing healthy momentum.
• RSI around 51, indicating room for upward movement before overbought conditions kick in.
My Play:
Watching for confirmation breakout above 2.27. If bulls push past with volume, this could run fast.
Targeting 2.38 short term, and potentially 3.02 in the coming sessions if momentum sustains.
Not financial advice – do your own research.
If this setup plays out, don’t say I didn’t share it early!
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