357078
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@masouddeldar #357078

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A recommendation
The failure and crossing of the resistance of the red line can be monitored.
/degen
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is standard. We can definitely expect a crash from 130k to 60k in the next bearish cycle to retest the current bullish flag (that you can see on the chart). That's why it's very important for you to take profit and potentially enter a long-term short position on futures!
/degen
DEGENUSDT has demonstrated a bullish breakout from a parallel channel pattern. The price is currently supported by the 100-day Moving Average (MA). On a lower timeframe, DEGEN is forming a bullish pennant, indicating a potential continuation of the uptrend. This presents a favorable opportunity to accumulate here.
/degen

Entry Zone:
$0.0054 to $0.0076

Targets level:
Expecting 5x-6x
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Examining the daily chart of BNB/USDT, the price trajectory of Binance Coin shows a dynamic response to market forces characterized by bullish and bearish phases. The recent formation depicts a rising wedge, typically a bearish pattern, suggesting potential for a downward correction if the support levels fail to hold.
/degen
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NEARUSDT Can have a Big Correction
Notice: this is not financial Advise!
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The rise tend to be long, the drop tend to be short.

We are seeing a dynamic where the pull-back lasts for weeks or months, while the drop can be over in a matter of days.

After the March 2024 high, each pull-back for Solana would last between 20-30 days, while the drops can happen within 7-14 days.
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Bitcoin produced a failed signal when it failed to stay above MA200 recently in late September. This major resistance level is confirmed by the fact that Bitcoin closed five sessions/candles below it./degen