COMMONUSDT.P – Market in Observation Mode Before Triangle Breako
COMMONUSDT.P has recently shown strong short positions entering the market. As profit-taking from those shorts starts to appear, the selling pressure may begin to fade.
Currently, the price is consolidating inside two overlapping triangles — a bullish (ascending) one and a bearish (descending) one. The structure suggests that the market is in a decision zone, and we should closely monitor the coming hours for a clear breakout.
A bullish breakout above the upper triangle would confirm a potential upward wave continuation, while a bearish breakdown below the lower structure would signal a possible extension of the downtrend.
For now, it’s a market observation phase — patience is key until the price confirms the direction with a decisive move.
Currently, the price is consolidating inside two overlapping triangles — a bullish (ascending) one and a bearish (descending) one. The structure suggests that the market is in a decision zone, and we should closely monitor the coming hours for a clear breakout.
A bullish breakout above the upper triangle would confirm a potential upward wave continuation, while a bearish breakdown below the lower structure would signal a possible extension of the downtrend.
For now, it’s a market observation phase — patience is key until the price confirms the direction with a decisive move.
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La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.