NFP/USDT — Descending Triangle, Watch for Breakout or Breakdown?NFP / TetherUSBINANCE:NFPUSDTCryptoNuclearThe pair NFP/USDT is currently at a critical juncture. The chart shows a clear Descending Triangle pattern: a series of lower highs (seller pressure) aligned with a falling trendline, while a strong horizontal support zone around 0.047 – 0.062 continues to hold as buyers defend it. Typically, this formation suggests a bearish continuation, but as the price approaches the triangle’s apex, the probability of a bullish breakout also rises if supported by strong volume. In other words, NFP is now in a “do or die” position — preparing for its next major move. --- 🔎 Technical Structure & Key Levels Main Pattern: Descending Triangle → generally bearish bias, but breakout upside is possible. Current Price: ~ 0.0697, very close to the apex, signaling an upcoming strong move. Strong Support Zone: 0.047 – 0.062 (demand area repeatedly tested). Key Resistance near trendline: 0.077 – 0.087 (bullish breakout confirmation zone). Next Resistances: 0.1105, 0.1414, 0.1696, then 0.2726 – 0.3231, and 0.4421 (major historical resistance). --- 📈 Bullish Scenario — Breakout Potential If NFP breaks above the descending trendline and closes a daily candle above 0.077 – 0.087 with strong volume, a medium-term reversal could be underway. 🎯 Short-term target: 0.1105 🎯 Next targets: 0.1414 – 0.1696 🎯 Extended targets: 0.2726 – 0.3231, up to 0.4421 if momentum sustains 🔑 Additional confirmation: successful retest of the breakout zone, proving buyer strength. --- 📉 Bearish Scenario — Breakdown Continuation If price breaks below the strong support 0.0472, the descending triangle confirms as a bearish continuation pattern. 🎯 First target: 0.036 – 0.030 (next historical support zone). 🎯 Deeper targets possible if selling pressure accelerates. 🔑 Additional confirmation: failed retest of the broken support, turning into resistance. --- ⚖️ Key Takeaways NFP/USDT is at a decision point. The descending triangle is tightening and a big move is near. Bias: Slightly bearish due to the pattern, but bullish reversal remains possible with a breakout above 0.087 and strong volume. Conservative traders: Wait for confirmation before entry. False breakouts/breakdowns are common without volume. Risk management is crucial: set stop-loss below the support zone for longs, or above breakout levels for shorts. --- As price approaches the apex of the triangle, volatility usually spikes. That means a decisive move is coming soon — either a breakout rally or a bearish continuation. For now, NFP/USDT is a must-watch: will buyers flip the script, or will sellers win the battle? #NFP #NFPUSDT #Crypto #TechnicalAnalysis #DescendingTriangle #SupportResistance #Breakout #BearishOrBullish #CryptoTrading