$SENT is currently forming a bullish W pattern (double bottom), indicating a potential trend reversal with strong buyer dominance. 📊🟢 Sellers are being absorbed at the lows, while buyers are entering aggressively - making buying now the preferred setup.
From a technical perspective, SENT is printing higher lows after the double bottom, confirming an increase in bullish momentum. Volumes support the bullish bias: they increase during upward moves and remain lighter during corrections, indicating healthy accumulation. ⚡📊
The market structure favors long positions. A slight correction towards the W pattern support area is likely to be bought strongly, maintaining upward pressure. SENT is ideal for buy-on-dips and breakout strategies, with the potential for further upside once the neckline resistance is surpassed.
Broader market sentiment also supports the bullish outlook. Strength across other assets enhances SENT's bullish potential. 🪙📈
Trade management:
Buy near the W pattern support or on a confirmed breakout above the neckline.
Expect corrections to be shallow.
The trend remains bullish as long as buyers are active.
⚠️ Reversal: The bullish W pattern is only invalidated if SENT breaks below the W pattern support with strong selling volume. Until then, buyers remain in steady control.
This analysis is based on price action and chart structure only and is not financial advice. SENT remains bullish, buyers are dominant, and the continuation of the bullish trend remains the most likely scenario.
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