$STPT /USDT Analysis: Bullish Pennant Breakout Imminent?

$STPT /USDT forms a bullish pennant pattern, indicative of potential upside. A decisive break above the upper trendline signals a long entry at 0.07200, targeting 0.08000 and 0.09000. Conversely, a breakdown below the lower trendline suggests a short opportunity at 0.06800, targeting 0.06250 and 0.05700.

Stop Loss: Place stop loss orders below the breakout candle for long positions and above for short positions.

Leverage: Consider 3-5x leverage based on risk tolerance.

Market Outlook: The bullish pennant pattern favors an upward breakout, suggesting potential bullish momentum. However, traders should also be wary of fakeouts and confirm the breakout with volume.

STPT

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