COMMONUSDT.P – Market in Observation Mode Before Triangle Breako

COMMONUSDT.P has recently shown strong short positions entering the market. As profit-taking from those shorts starts to appear, the selling pressure may begin to fade.

Currently, the price is consolidating inside two overlapping triangles — a bullish (ascending) one and a bearish (descending) one. The structure suggests that the market is in a decision zone, and we should closely monitor the coming hours for a clear breakout.

A bullish breakout above the upper triangle would confirm a potential upward wave continuation, while a bearish breakdown below the lower structure would signal a possible extension of the downtrend.

For now, it’s a market observation phase — patience is key until the price confirms the direction with a decisive move.