#GOAT

📌 Formation:

A clear Falling Wedge formation is seen in the chart.

This formation is known as a bullish (upward) formation. As the price falls within the narrowing channel, momentum decreases, and sharp increases are seen with an upward breakout.

🎯 Target Price:

DirectionTarget Price (USDT)Description🔼 Up0.16145 USDTProjection upwards by the height of the falling wedge

🧠 Technical Observations:

Breakout: The upper band of the formation has been broken upwards (~0.13 levels).

Volume: Although there is no increase in volume at the breakout area, a stable trend is noticeable.

Current Price: 0.13697 USDT — upward movement has started following the formation breakout.

🔁 Support – Resistance Levels:

TypeLevel (USDT)DescriptionResistance0.161Target areaSupport0.130Former resistance, now support levelMain Support0.120Area close to the wedge lower band

🔍 Possible Scenarios:

ScenarioConditionTarget📈 Continuation of the riseIf maintained above 0.1300.16145 USDT🔁 Retest scenarioPullback to the 0.130 levelCould be a buying opportunity📉 Breakdown of the breakoutClosing below 0.120Bullish scenario becomes invalid

✅ Summary:

TitleInformationMain FormationFalling WedgeDirectionUpBreakout Point~0.130 USDTTarget Price0.16145 USDRiskRisk of breakdown on closing below 0.120

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