#POPCAT is consolidating inside a symmetrical triangle on the daily chart — decision time is approaching. Will it break out upwards or downwards?
We plan to accumulate near the support level at $0.3319, which aligns closely with both the triangle support and the daily SMA50.
If a breakout occurs to the upside, the potential targets are:
🎯 $0.5814
🎯 $0.7088
🎯 $0.8682
🎯 $1.1000
🎯 $1.3317
🎯 $1.6617
🎯 $2.0821
However, if the price breaks below the triangle, it could retest the lower support at $0.2304.
⚠️ As always, use a tight stop-loss and manage your risk accordingly.
We plan to accumulate near the support level at $0.3319, which aligns closely with both the triangle support and the daily SMA50.
If a breakout occurs to the upside, the potential targets are:
🎯 $0.5814
🎯 $0.7088
🎯 $0.8682
🎯 $1.1000
🎯 $1.3317
🎯 $1.6617
🎯 $2.0821
However, if the price breaks below the triangle, it could retest the lower support at $0.2304.
⚠️ As always, use a tight stop-loss and manage your risk accordingly.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.