PRL/USDT is consolidating inside a clear bearish pennant after a strong downward move. Price is compressing near key support around 0.1730, while sellers continue defending the upper trendline.
The volume profile shows heavy resistance stacked around 0.1750 – 0.1760, making upside recovery difficult unless bulls reclaim that zone with momentum.
Key Levels
• Resistance: 0.1752 – 0.1760
• Support: 0.1703
• Major downside target: 0.1504
Trade Idea
✅ Bearish bias remains valid while price stays below pennant resistance.
✅ A confirmed breakdown below 0.1703 could trigger acceleration toward lower liquidity zones.
⚠️ Invalid if price breaks and holds above 0.1760.
Market Structure
• Lower highs continue forming
• Weak buying pressure
• Sellers controlling short-term momentum
• Volume profile favors downside continuation
Setup: Bearish Pennant Breakdown
Timeframe: 15 Minutes
Exchange: Binance Futures
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Want private crypto trading guidance?
Message me on WhatsApp: wa.me/13369100030
Message me on WhatsApp: wa.me/13369100030
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.