#GAS

📌 Formation:

A Rising Wedge formation is observed in the chart.

This formation is generally considered a bearish reversal pattern.

The price has moved upwards within a narrowing rising channel but has shown signs of weakness at the peak points.

🎯 Target Price:

Direction | Target Price (USDT) | Description

🔽 Down | 2,717 USDT | Downward measurement target as much as the height of the wedge

🧠 Technical Observations:

Formation Breakdown: The price has been rejected near the upper band of the wedge, and a minor pullback has begun.

Current Price: 3,532 USDT

Target: ~2,717 USDT (approximately 23% downside potential)

🔁 Support – Resistance Levels:

Type | Level (USDT) | Description

Main Support | 3,200 | Support near the lower band of the wedge

Target | 2,717 | Formation target

Resistance | 3,600+ | Upper band of the wedge and rejected level

🔍 Possible Scenarios:

Scenario | Condition | Target

📉 Downward Scenario | If the wedge breaks down | 2,717 USDT

🔁 Retest Scenario | Retest around 3,400 | Selling opportunity

❌ Formation Cancellation | Closing above 3,600 | Bullish momentum

✅ Summary:

Title | Information

Main Formation | Rising Wedge

Direction | Down (potential decline)

Breakout Status | No clear breakout observed

Target Price | 2,717 USDT

Risk | Formation may break with a close above 3,600

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