#BinanceSafetyInsights
Pattern & Technical Analysis:
1. Falling Wedge Pattern (Bullish Pattern)
You have accurately drawn: a falling wedge pattern that has broken out upwards.
This usually signals a bullish reversal if supported by volume.
2. RSI:
RSI(6) = 42.4 and RSI(14) = 44.2
→ Starting to rise from the oversold zone, a gradual reversal signal
3. MACD:
MACD and Signal line are starting to approach a crossover upwards in the negative area → Early confirmation of bullish momentum
4. Volume:
Not too explosive yet, but accumulation is starting
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Swing Plan Setup:
Ideal Entry:
Now (2.09–2.10) or wait for a short pullback to 2.05–2.07
Stop Loss:
2.00 or 1.98 (below the wedge support)
Target Swing:
TP1: 2.25
TP2: 2.45–2.50 (next horizontal resistance)
TP3 (extension): 2.90 if the breakout volume is strong
Risk Reward:
Entry 2.10, SL 2.00 = risk 0.10
TP1 = reward 0.15 → R:R = 1.5:1
TP2 = R:R = 3:1 → Quite attractive for swing
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Conclusion:
Valid bullish swing setup after breaking out of the falling wedge
Current entry is still safe
Additional confirmation: wait for daily breakout volume
MACD & RSI support the possibility of further upward movement
