#MYRO

📐 Patterns:

1. Bullish Pennant

It is a consolidation pattern seen after a price movement in the upward direction.

Theoretically, an upward breakout is expected.

However, the movement following the pattern seems to be weak.

2. Rising Wedge

It is generally a pattern that results in a downward movement.

The price has broken down from the wedge.

This breakdown indicates that downward pressure has begun.

🎯 Target Areas:

Target TypeLevel (USDT)Upper Target (Pennant)0.03175Lower Target 1 (Wedge)Around 0.02200Lower Target 2 (Lower band of the triangle)Around 0.02000

📊 Technical Observations:

Current price: 0.02574 USDT

Volume increase and selling pressure after the wedge breakout are noteworthy.

From a broader perspective, the symmetrical triangle (consolidation) continues.

The price is currently directed towards the lower-middle area of this triangle.

⚠️ Strategy Suggestion:

Short-Term Bearish Scenario: Wedge breakout confirmed. The first target is around 0.02200, the second target is 0.02000.

Upward Invalidation: If there is a 1-hour close above 0.02680, the decline may be considered invalid.

Upward Potential: If the price breaks the triangle upwards, the bullish pennant target of 0.03175 may come back into play.

Area to Watch: 0.02350 – 0.02400 may hold strong as support.

✅ Summary:

Patterns: Bullish Pennant (first), followed by Rising Wedge (broken).

Current Situation: Downward pressure has increased, support is being tested within the triangle.

Lower Targets: 0.02200 and 0.02000

Upper Target (if a breakout occurs): 0.03175