The chart is showing a falling wedge pattern, typically a bullish reversal setup. The price is currently testing the upper boundary of the wedge near 0.131 USDT.
🔸 Key Support Zone at 0.125 - 0.110:
This green zone has acted as a strong demand area historically and is being respected again.
🔸 Upside Target: 0.20+ USDT
If the price successfully breaks out of the wedge with volume confirmation, a sharp move upward toward 0.16–0.20 USDT is likely.
🔸 Risk Level at 0.104 USDT:
A drop below this zone could invalidate the breakout setup and signal further downside.
🔸 Outlook:
Watch for a 4H candle close above the wedge. If confirmed, consider entries above 0.135 USDT with tight stop-losses below 0.114 USDT.
If HAEDAL breaks out of this wedge with strength, it could lead to a solid bullish move. Keep it on your radar and wait for confirmation before entering.
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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.
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.