A Perpetual cycle

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"After some pull back there is often a take off with coins that have strong fundamentals."

📰 Latest News about PERP. 📣

" OKEx Adds PERP and Three More Tokens to Further Expand its DeFi Offering "
"Perpetual Protocol emerges as sixth-largest DEX after just one month"

A bit of Technical analysis 📈 📐

Macd just crossed the signal line indicating long positions are now favorable.
RSI came back from an oversold situation and is starting to climb up again.
latest Chart pattern shows us a bounce on the mid term channel support . Moreover in a shorter time frame we see kind of an agressive double bottom on this channel support.

The risk ratio is nice with a bit less then 4% from Stop Loss.
First target is at 10 % .

Trading plan would go as follow

✅ Optimal entry +/- 2% : 1380 sats
🎯 Target 1 : 1521 sats
🎯 Target 2 : 1667 sats
🎯 Target 3 : 1840 sats

* You could Take a bit of profit at each target and buy back.*

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Chart PatternsTechnical IndicatorsTrend Analysis

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