Yello, Paradisers! Is RAYUSDT gearing up for a massive breakout? The chart is showing a proper triple zigzag within a descending channel, which significantly increases the probability of an upcoming bullish move.
💎If RAYUSDT bounces from the current level, it could form a W-pattern, but for a high-probability setup, we need to see a breakout and a confirmed candle close above the key resistance. This move would also break the descending channel, signaling a stronger bullish push.
💎On the other hand, if the price retraces further or consolidates, a bounce may still occur, but the setup would be lower probability, making it less favorable to trade in this zone.
💎However, if RAYUSDT breaks down and closes below the support zone, the entire bullish setup will be invalidated. In that case, it would be wiser to wait for better price action before looking for new opportunities.
🎖 Patience and discipline are key, Paradisers. If this breakout happens, it will be a strong opportunity—but if invalidated, we wait for the market to present a better setup. Trade smart!
MyCryptoParadise
iFeel the success🌴
💎If RAYUSDT bounces from the current level, it could form a W-pattern, but for a high-probability setup, we need to see a breakout and a confirmed candle close above the key resistance. This move would also break the descending channel, signaling a stronger bullish push.
💎On the other hand, if the price retraces further or consolidates, a bounce may still occur, but the setup would be lower probability, making it less favorable to trade in this zone.
💎However, if RAYUSDT breaks down and closes below the support zone, the entire bullish setup will be invalidated. In that case, it would be wiser to wait for better price action before looking for new opportunities.
🎖 Patience and discipline are key, Paradisers. If this breakout happens, it will be a strong opportunity—but if invalidated, we wait for the market to present a better setup. Trade smart!
MyCryptoParadise
iFeel the success🌴
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✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
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.
Want to trade like a PRO without the 15+ year learning curve?
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
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.