📘 Chart Pattern Lesson 7: Rising Wedge 📐

A classic bearish pattern that traps late buyers before the drop!

Commonly spotted in uptrending or overextended coins like $SOL, $DOGE, and $AR 🧨

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🔍 What Is It?

The Rising Wedge is a bearish formation where price makes higher highs and higher lows, but the upward move starts to lose strength.

Eventually, price breaks down from the lower trendline — often signaling a sharp drop. 📉

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📊 Key Features:

Shape: Two converging upward trendlines

Volume: Usually drops as the wedge tightens

Breakout Direction: Typically down

Appears In: Both uptrends (reversal) and downtrends (continuation)

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🎯 How Traders Use It:

Entry: After breakdown below the wedge

Stop Loss: Above the last swing high inside the wedge

Target: Measured from the widest part of the wedge projected downward 🎯

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✅ Quick Tips:

Rising wedge in coins like $SOL after strong rallies = caution 🚨

In downtrends, it signals bearish continuation

Works best with volume drop inside the wedge & spike on breakdown

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📌 Summary:

The Rising Wedge is a signal that buyers are weakening and a sell-off may be near.

If you see coins like $DOGE or $AR showing this pattern — it might be time to prepare for the drop. ⏳

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