The price is consolidating within a falling wedge pattern, typically considered a bullish reversal setup.
Breakout Potential: A breakout above the wedge's resistance line could lead to an upward move towards the target of 0.00002800.
Key Levels to Watch:
Support: 0.00001800
Resistance: 0.00002200
Strategy: Wait for confirmation of the breakout above resistance with strong volume before entering long positions. Manage risk with tight stop-loss placements below the lower wedge boundary.
💬 Drop your thoughts and let's discuss this setup!
Breakout Potential: A breakout above the wedge's resistance line could lead to an upward move towards the target of 0.00002800.
Key Levels to Watch:
Support: 0.00001800
Resistance: 0.00002200
Strategy: Wait for confirmation of the breakout above resistance with strong volume before entering long positions. Manage risk with tight stop-loss placements below the lower wedge boundary.
💬 Drop your thoughts and let's discuss this setup!
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