We just dropped a quick analysis on PERP.
First, we zoom out to check the monthly charts, and it’s clear that we are still early and at a great accumulation zone before PERP potentially takes off.
In the short term, we are paying attention to how PERP could bounce at a key support zone around $1-$1.20.
You should definitely keep an eye on PERP around this support zone for trading opportunities.
We've seen this demand level multiple times before, so it seems PERP is primed for a bounce.
And for long-term investors - we think now is an ideal time to dollar cost average into PERP before the next major upside move!
Everything here screams bullish, and it could fuel an upside move.
However, check out the video for full context on how we are potentially playing the bullish setup on PERP.
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