PERLUSDT trade is primarily grounded in strong price action signals, featuring the formation of higher highs and higher lows. This pattern signifies a potential bullish trajectory.
I'm considering a buy entry at $0.01810, with a stop loss (SL) set at $0.01690 to manage risk and safeguard against possible adverse price fluctuations.
The target for this trade is $0.01930, reflecting a 1:1 risk-reward ratio, where the potential reward matches the risk associated with the trade.
Notably, PERL recently formed a higher high and established a higher low based on Fibonacci levels. It retraced from the 0.786 Fibonacci retracement level and is currently in a ranging phase, which may provide an opportunity for future price movements.
Keep in mind that cryptocurrency markets can exhibit high volatility, so comprehensive research and careful monitoring are essential before making any investment decisions
I'm considering a buy entry at $0.01810, with a stop loss (SL) set at $0.01690 to manage risk and safeguard against possible adverse price fluctuations.
The target for this trade is $0.01930, reflecting a 1:1 risk-reward ratio, where the potential reward matches the risk associated with the trade.
Notably, PERL recently formed a higher high and established a higher low based on Fibonacci levels. It retraced from the 0.786 Fibonacci retracement level and is currently in a ranging phase, which may provide an opportunity for future price movements.
Keep in mind that cryptocurrency markets can exhibit high volatility, so comprehensive research and careful monitoring are essential before making any investment decisions
Trade active:
TP 1 HIT 🎯