♨️Let's break down the BRETT/USDT perpetual futures chart (1D timeframe) you're looking at♨️
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Technical Analysis
Pattern
You're observing a falling wedge breakout on a larger scale, and a smaller wedge/pennant pattern within that, potentially signaling a bullish continuation.
Breakout point is near current price ($0.03557).
Volume Profile (right side) shows a high-volume node at the breakout zone—this area acts as strong support now.
Key Levels
Resistance: Around $0.0365 - $0.038, which is the upper descending trendline and local highs.
Support: $0.03324, which is also your red horizontal line and stop-loss area.
RSI & Momentum (bottom indicator)
RSI appears neutral to slightly bullish—not overbought or oversold. This means there’s still room to move up.
Volume
Volume looks like it’s slowly increasing, indicating interest near breakout, though a strong spike is still needed for confirmation.
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Fundamental Sentiment
24h Volume is decent:
BRETT volume: 424.38M
USDT volume: 14.86M
This shows there’s liquidity and interest, especially on the BRETT side.
Recent daily gain is +0.57%, and 30-day return is +6.62%, suggesting a slow bullish reversal attempt.
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Conclusion & Entry Plan
Bias: LONG (Bullish)
Entry:
Enter now or on retest of breakout at $0.03500 - $0.03530
Stop-loss:
Below $0.03320
Targets:
TP1: $0.04000 (next visible volume node)
TP2: $0.04600
TP3 (Stretch): $0.06000 (if hype returns)
Invalidation:
If price closes below $0.033 on the daily, exit.
