#SMT/USDT analysis-
"After a steady ascent, the price experienced its initial breakout with a surge of over 110%. Following a 100% increase from the breakout level, it underwent a correction and is now shaping a descending triangle pattern.
Should it break out above the triangle pattern, it is expected to ascend to the previous swing high. Conversely, if it breaks down below the triangle pattern, it is anticipated to descend to the previous swing low."
LONG ENTRY- as soon as it gives breakout
SL- below the support i.e. around 0.7299
TARGET 1- 1.4
SHORT ENTRY- as soon as it gives breakdown i.e. 0.7290-0.7299
SL- above the breakdown candle or above the triangle pattern swing high ie. Around 1.01
TARGET- 0.5300
