PERP/USDT Potential Rejection, Downward Momentum ??

Yello Paradisers, PERP Analysis: Potential Rejection in Bearish OB Area

💎 PERP recently experienced a significant price surge of over 100%, breaking through supply levels with ease.

💎 However, it faced rejection after hitting the Bearish Order Block (OB). Today, PERP is in a consolidation phase in lower timeframes, which suggests that it may either resume testing the Bearish OB area or experience a sharp drop back to the demand zone around $0.6.

💎 It's worth noting that many low-cap coins have exhibited similar patterns in the past, where they pump significantly and then experience sharp declines in the following days.

💎 Invalidation Scenario: This analysis will be invalidated if PERP breaks the Bearish Invalidation level and closes daily above it.

Trade closed: stop reached:

PERP Just down 19% after rejection on Bearish OB. After that, PERP Break the bearish OB and Close above the bearish invalidation.

" If you want to try Short PERP again, wait on monthly supply at $1.2 - $1.4"