📊 Technical Breakdown
📈 Pattern: Falling Wedge (Bullish Reversal)
The price broke out of a falling wedge, a bullish reversal pattern.
Wedge breakout occurred with a slight increase in volume and RSI confirmation, indicating momentum shifting towards bulls.
💵 Entry Level
Marked near 0.01838 USDT, right at the breakout level from the wedge.
🎯 Target (Take Profit)
Highlighted at 0.02041 USDT
This aligns with a previous resistance level — a sensible target if the breakout continues to gain strength.
🛑 Stop Loss (SL)
Positioned at 0.01790 USDT
Just below recent lows and the lower wedge boundary — a reasonable risk management level.
📉 RSI Indicator
RSI shows bullish divergence, indicating upward momentum building while the price was declining.
RSI is heading upward, nearing the mid-50 level, supporting further bullish movement if it breaks above 60.
✅ Summary: Trade Setup
Parameter Value
Entry 0.01838 USDT
Stop Loss 0.01790 USDT
Take Profit 0.02041 USDT
Risk/Reward Approx. 1:4
📈 Pattern: Falling Wedge (Bullish Reversal)
The price broke out of a falling wedge, a bullish reversal pattern.
Wedge breakout occurred with a slight increase in volume and RSI confirmation, indicating momentum shifting towards bulls.
💵 Entry Level
Marked near 0.01838 USDT, right at the breakout level from the wedge.
🎯 Target (Take Profit)
Highlighted at 0.02041 USDT
This aligns with a previous resistance level — a sensible target if the breakout continues to gain strength.
🛑 Stop Loss (SL)
Positioned at 0.01790 USDT
Just below recent lows and the lower wedge boundary — a reasonable risk management level.
📉 RSI Indicator
RSI shows bullish divergence, indicating upward momentum building while the price was declining.
RSI is heading upward, nearing the mid-50 level, supporting further bullish movement if it breaks above 60.
✅ Summary: Trade Setup
Parameter Value
Entry 0.01838 USDT
Stop Loss 0.01790 USDT
Take Profit 0.02041 USDT
Risk/Reward Approx. 1:4
Trade active
Stops at breakeven.Note
Falling Channel high has been breached. Consider booking some profit
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.
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.