A clean Descending Triangle often precedes a big move. Validate your entry.
Bearish continuation pattern.
Sideways movement between parallel supports.
Consolidation. Can break either way.
PDD is showing interesting structural developments at $97.31. Currently at $97.31, the asset is showing downward momentum (-0.86%). Price action has carved out a classic Descending Triangle. The trend indicator is reading 8.6/100, suggesting moderate momentum. A potential breakout level is identified at $93.81, targeting $79.39 with support near $101.43 (R:R 1.89).
What is your outlook on PDD?