SSV/USDT Break Alert, Bullish Momentum ?? SSV Analysis Today
Yello Paradisers, Spot on!
💎 SSV has successfully broken out of its descending channel, signaling the end of its bearish trend. It's advisable to wait for a retest of the support area before entering a long position, we can entry now or as breakouts often undergo a retesting phase before resuming an upward trajectory.
💎 Prior to the breakout, SSV had been forming new lower lows and consolidating for about a month, indicating a period of accumulation. The asset then broke out with notable momentum. If SSV can successfully break through the supply at Target Price 1 (TP1), it's likely to reach Target Price 2 (TP2).
💎The bullish outlook would be invalidated if SSV's daily candle closes below the key support level.
💎 SSV has successfully broken out of its descending channel, signaling the end of its bearish trend. It's advisable to wait for a retest of the support area before entering a long position, we can entry now or as breakouts often undergo a retesting phase before resuming an upward trajectory.
💎 Prior to the breakout, SSV had been forming new lower lows and consolidating for about a month, indicating a period of accumulation. The asset then broke out with notable momentum. If SSV can successfully break through the supply at Target Price 1 (TP1), it's likely to reach Target Price 2 (TP2).
💎The bullish outlook would be invalidated if SSV's daily candle closes below the key support level.
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