#scrt
🔺 Pattern:
The chart clearly displays a Rising Wedge formation.
This is typically considered a bearish reversal pattern.
Price has broken down below the lower wedge support, signaling potential continuation to the downside.
🎯 Target Price:
DirectionTarget (USDT)Description🔽 Down0.1906Projected by the wedge height after breakdown
📉 Technical Observations:
Current Price: 0.2037 USDT
Pattern Breakout: Breakdown confirmed with bearish candles
Potential Drawdown: Approximately −6.4% if the target is hit
📌 Support & Resistance Levels:
TypePrice (USDT)NoteSupport0.2000Psychological support zone📉 Target0.1906Bearish wedge targetResistance0.2120Top of the wedge (invalidates setup)
🧭 Possible Scenarios:
ScenarioConditionExpected Move🔻 BearishBreak and close below 0.2000Move toward 0.1906🔄 RetestRetest of broken wedge support (now resistance)Short entry opportunity❌ InvalidationStrong breakout above 0.2120Bearish setup fails
✅ Summary:
Key ElementDescriptionPatternRising WedgeDirectionBearishBreakdown StatusConfirmedPrice Target0.1906 USDTRisk LevelMedium–High (watch for retest)
