PERL has broken the lower edge of the Descending Triangle pattern and the target is to be around $0.01.
However, the $0.015 zone is still the zone we should buy as it could also be a reversal zone.
This pattern will be broken if the PERL rebounds and closes a 1D candle above $0.0225.
📈BUY- LONG Strategy
- Consider buying at $0.015, stop loss if the 1D candle closes below this zone.
- Buy at the $0.01 zone, stop loss if the 1D candle closes below this zone.
📉SELL-SHORT Strategy
- Sell in the 0.019-0.02$, stop loss if the 1D candle closes above this zone.
♻️BACK-UP Plan
- Buy if the 1D candle closes above $0.0225
- Sell at $0.03, stop loss if the 1D candle closes above this zone.
- Sell at $0.04, stop loss if the 1D candle closes above this zone.