DRIFTUSDT price is moving within a descending broadening wedge. Price has dropped sharply and is now testing the lower boundary right around the immediate demand zone at 0.025. The important supply zone sits way up at 0.26 acting as strong overhead resistance.
This pattern often leads to a reversal once price breaks above the upper descending trendline. For now, I'm watching closely for a bounce and reclaim above 0.040 with decent volume as a potential long setup. If it holds here, the measured move from the wedge could push price significantly higher toward previous swing highs.
Invalidation would be a clean break and close below the lower wedge line. Currently sitting near 0.025 after that heavy selloff, so next few candles will be key for confirmation.
This pattern often leads to a reversal once price breaks above the upper descending trendline. For now, I'm watching closely for a bounce and reclaim above 0.040 with decent volume as a potential long setup. If it holds here, the measured move from the wedge could push price significantly higher toward previous swing highs.
Invalidation would be a clean break and close below the lower wedge line. Currently sitting near 0.025 after that heavy selloff, so next few candles will be key for confirmation.
تم فتح الصفقة
Keep a close watch on price action at the immediate demand area.
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📌 Official links:
📌 Main Channel → t.me/wcsechanneL
📌 Forex Zone → t.me/wcsefxchannel
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⚠️Stay safe out there! ❌
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
📍Trade Smart & Stay Protected ⭐️
📌 Official links:
📌 Main Channel → t.me/wcsechanneL
📌 Forex Zone → t.me/wcsefxchannel
📌 We're open to Promotions, Ads & Partnerships: ☎️ t.me/WESLAD
⚠️Stay safe out there! ❌
📌 Official links:
📌 Main Channel → t.me/wcsechanneL
📌 Forex Zone → t.me/wcsefxchannel
📌 We're open to Promotions, Ads & Partnerships: ☎️ t.me/WESLAD
⚠️Stay safe out there! ❌
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.