Price action is forming a classic rectangle (range), representing a consolidation phase after increased volatility. The market is compressing, building energy for the next impulsive move.
A key rule for this structure: the direction of the breakout defines the direction of the move.
Scenarios:
🔼 Bullish breakout:
– Break and acceptance above the upper range boundary
– Upside target: 🎯 $0.34
🔽 Bearish breakout:
– Break and acceptance below the lower range boundary
– Downside target: 🎯 $0.11
While price remains inside the rectangle, the market stays neutral. A confirmed breakout with volume is expected to trigger a strong directional move.
A key rule for this structure: the direction of the breakout defines the direction of the move.
Scenarios:
🔼 Bullish breakout:
– Break and acceptance above the upper range boundary
– Upside target: 🎯 $0.34
🔽 Bearish breakout:
– Break and acceptance below the lower range boundary
– Downside target: 🎯 $0.11
While price remains inside the rectangle, the market stays neutral. A confirmed breakout with volume is expected to trigger a strong directional move.
My telegram channel: t.me/blessing_cryptos
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My telegram channel: t.me/blessing_cryptos
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.