LEVER/USDT Break Ascending Triangle. Upward Momentum ???

8 בנוב׳ 2023

💎 LEVER has unquestionably made its mark in the market. The current scenario sees LEVER successfully breaking out of the ascending triangle pattern. To anticipate a potential false breakout, we can patiently wait for the closing candle to be above the resistance level, particularly at higher time frames like 8 hours, 12 hours, or 1 day.

💎 If LEVER's breakout is confirmed, this signifies an upward momentum, and the probability we may expect a retesting phase before witnessing a substantial upward movement toward our target area.

💎 In the event of a false breakout where LEVER encounters a bearish rejection candle, there's a possibility of retracement back to the demand area. The less favorable scenario unfolds if LEVER fails to rebound from the demand and subsequently breaches the demand area. In such a situation, LEVER is poised to continue its downward trajectory, retracing to the robust demand area.