MAVIA/USDT Breakout from Falling Wedge | Targets Ahead$MAVIA has broken out of a well-defined falling wedge pattern on the 4H chart — a structure known for bullish reversals. The breakout is backed by strong volume and a sharp RSI spike, confirming the bullish momentum.
Key Observations:
Pattern: Falling wedge breakout
Volume: Strong breakout candle with momentum
RSI (14): Currently at 78 — indicating overbought territory
Retest Zone: A pullback toward 0.150–0.155 may offer a better entry
Trade Setup:
Entry: 0.150–0.160
Stop Loss: 0.143 (below wedge support)
Targets: 0.1692, 0.1819, 0.2045, 0.2282, 0.2725
Conclusion:
The breakout looks promising, but RSI suggests short-term cooling. The ideal strategy is to wait for a retest before entering. Keep risk tight as it's early in the breakout phase.
DYOR | Not financial advice
