๐จ Potential Breakdown Alert! ๐จ
The price broke below the rising wedge pattern (blue lines) โ a classic bearish signal! ๐ป
๐ What This Means:
The chart shows a strong rejection near resistance (red zone).
The price dropped below the moving average (red curve), which often suggests momentum is shifting downward.
The current candle is trading below support, which confirms a bearish breakout.
๐ฏ Target Zone (Green Area):
If the breakdown holds, the price might fall toward the 0.0001550 - 0.0001500 area.
๐ Stop-Loss Zone (Red Area):
If price climbs back above 0.0001822, this bearish setup may be invalid.
โ ๏ธ Final Word:
This looks like a short setup for traders โ but always manage your risk. ๐
Follow@Fekku Crypto for real time market insight and accurate alts coins signal set up.
Stay sharp!
#MerlinTradingCompetition #GENIUSAct #BinanceAlphaAlert #MyEOSTrade #SaylorBTCPurchase
