Price has been moving higher within a rising wedge, a pattern that often signals buyer exhaustion as bullish momentum begins to fade near the top.
Price is now approaching the lower boundary of the pattern. I expect this support to come under pressure as buyers are no longer maintaining the bullish structure as effectively as before.
If price closes decisively below the support line and fails to reclaim it during the retest, the bearish scenario will be confirmed. In that case, the next target I will be watching is around 4,335.
Price is now approaching the lower boundary of the pattern. I expect this support to come under pressure as buyers are no longer maintaining the bullish structure as effectively as before.
If price closes decisively below the support line and fails to reclaim it during the retest, the bearish scenario will be confirmed. In that case, the next target I will be watching is around 4,335.
Trade closed: target reached
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🚀 SMART CRYPTO TRADING STARTS HERE!
BTC • ETH • ALTCOINS
🎯 Daily Signals | Entry • TP • SL
⚡ Real-Time Alerts & Market Insights
💎 VIP Signals & Private Support
🔥 TRADE SMARTER. STAY AHEAD.
👇 JOIN OUR COMMUNITY
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BTC • ETH • ALTCOINS
🎯 Daily Signals | Entry • TP • SL
⚡ Real-Time Alerts & Market Insights
💎 VIP Signals & Private Support
🔥 TRADE SMARTER. STAY AHEAD.
👇 JOIN OUR COMMUNITY
t.me/+22Cs-Z14bJg3NDJl
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.