BTC $64,854.00 ▲ 0.95% ETH $1,916.17 ▲ 2.14% USDT $0.9992 ▼ 0.01% BNB $599.81 ▲ 1.08% XRP $1.07 ▼ 0.85% SOL $74.44 ▲ 0.34% DOGE $0.0703 ▼ 0.18% SHIB $0.0000049 ▼ 2.17% PEPE $0.00000287 ▼ 1.73% BTC $64,854.00 ▲ 0.95% ETH $1,916.17 ▲ 2.14% USDT $0.9992 ▼ 0.01% BNB $599.81 ▲ 1.08% XRP $1.07 ▼ 0.85% SOL $74.44 ▲ 0.34% DOGE $0.0703 ▼ 0.18% SHIB $0.0000049 ▼ 2.17% PEPE $0.00000287 ▼ 1.73%
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DeFi Piyasa

PRCT: Double Bottom at Major Support

PRCT: Double Bottom at Major Support

Price has revisited a long-term support level, forming a potential double bottom where buyers previously sparked a strong reversal.

🟢 Bullish Confirmation Developing

Last week printed a bullish Harami, often an early sign of selling exhaustion. This week's candle is now attempting to confirm the reversal, making this a critical area to watch.

📈 High Reward-to-Risk Setup

With risk clearly defined below support, the setup offers an attractive asymmetric opportunity. A sustained rebound could deliver 75%+ upside toward the first major resistance.

🎯 Trade Plan

🟢 Bias: Bullish while support holds
🎯 Targets : 21-25-29 . A total ~75% upside toward the resistance zone
🛡️ Stop Loss: Weekly close below $16.50

💡 Story in One Line

A potential double bottom, bullish Harami, and confirmation candle developing at long-term support create a compelling high reward-to-risk setup, with approximately 75% upside available if the reversal gains traction.

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