#MINAUSDT: Is a Major Breakdown Imminent? Key Levels to Watch

10月11日

Yello, Paradisers! Are you prepared for a major shift in #MINAUSDT? The setup we're seeing might just be pointing towards a bearish move but let's break it down to confirm if we're really on the brink of a market shift.

💎 #MINAUSDT is showing clear signs of bearish momentum from the critical supply zone at $0.5239, hinting at a potential breakdown in the current market structure. The price has been hovering within an ascending channel, but pressure is building.

💎 If #MINAUSDT breaks below the key ascending support and closes a candle beneath it, we could see a strong confirmation of a bearish continuation with the price likely to drop significantly from here.

💎 On the flip side, if the price rises from this level and fails to break down, there’s still a high probability of a bearish reversal from the strong supply zone around $0.5842. However, to further solidify this outlook, we need to wait for an internal CHoCH (Change of Character) that aligns with the bearish structure. Patience here is key to avoid false moves.

💎 That said, if the price manages to break out and closes a candle above the strong supply it would invalidate our bearish outlook. In that case, it's crucial to stay on the sidelines and wait for a more reliable setup to emerge before making any new moves.

As always, Paradisers, discipline and patience are your best tools. Rushing into trades without clear confirmation can lead to costly mistakes. Remember, the best traders wait for the highest-probability setups, and this is no different. Stay focused, keep an eye on the key levels, and trade smart! 💪.

MyCryptoParadise
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