$PUSS Market Analysis || MemeCoin || ToTheMoon

Assalamu Alaikum Guys,

The chart is depicting the price action of the $PUSS/USD trading pair on the SunSwap V2 exchange. The candlesticks mark 4-hour intervals while the overall trend, as pointed out by the rising blue line, is to the upside. This is also a support line because whenever the price touches or comes near to this line, it bounces upward, which indicates that buyers are coming in at these levels and driving up prices.

Clearly, there has been a bullish trend over the last weeks; the price was continuously growing. We can notice an incursion around late September where the price jumped really high. Then, it entered a phase of consolidation. That is, price started to fluctuate up and down in a tighter range. This is a common pattern after a strong upward move, and we refer to this as a bullish flag. This then traces a sharp movement upwards, known as the flagpole, pulls back a little, and starts consolidating sideways or slightly downwards, forming the flag. It usually gives an indication of continuation in the upward movement after consolidation is complete.

The pink circle highlights a key zone wherein price recently bounced after a dip. This is likely to create an inverse head and shoulders pattern, generally a strong indicator of the possibility of upside reversal. If it holds and the price moves upwards, then this may be a bullish signal.

Presently, the resistance is at the $0.00700 mark, and as could be seen, the price hovers around it. This means that the price has difficulties breaking through this level, and the sellers, obviously, are very active here. If this level were broken to the upside, it may trigger another decent move to the upside.

Volume reflected by the bars at the bottom-a good volume increase during the breakout or a meaningful price change. Normally, an upsurge in volume demonstrates that the breakout is valid and more traders are participating, thereby giving to its power.

It indicates that the price is uptrending and may further rise if it breaks through the resistance it faces, although failure to hold may lead to a retracement.

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A short info about $PUSS

COIN NAME : PUSS
TICKER : PUSS
COIN TYPE : TRC-20
BLOCKCHAIN: TRON
TOTAL SUPPLY: 100,00,00,000.00 PUSS

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Contract Address : TX5eXdf8458bZ77fk8xdvUgiQmC3L93iv7

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First meme coin of ABB community.

=> Truly Decentralized
=> TRC-20 token
=> Total Supply : 1000000000 PUSS
=> No Presale
=> No Price manipulation
=> No Team allocation
=> Lower Gas

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NO SCAM, ONLY FOR FUN
PUSS MEME TOKEN ON TRON BLOCKCHAIN

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BUY/SELL INSTANTLY : Direct | SunSwap

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