Gearusdt trading ideaGEARUSDT is approaching the lower boundary of the falling wedge pattern. Given the oversold conditions and proximity to the projected accumulation zone, we anticipate a corrective bounce from this level. However, this reversal is expected to face rejection near the immediate resistance level around $0.00378, reinforcing the broader bearish structure.
A rejection from resistance would likely result in a deeper accumulation phase within the projected zone. If price sustains above the wedge's upper boundary, a breakout confirmation could lead to a measured move toward the important supply zone at $0.0156, where previous distribution phases occurred.
Conversely, failure to maintain demand within the accumulation zone could expose GEARUSDT to further downside liquidity sweeps, seeking equilibrium at lower structural supports. Trade with care.
