#PHA

🔺 Formation: Rising Wedge

A Rising Wedge formation is clearly visible on the chart.

This formation usually gives a signal for a trend reversal, and the breakout is generally downward.

The peak point marked as "Top 2" on the chart forms the top area of this structure.

🎯 Target Prices:

Target TypePrice (USDT)DescriptionInitial Target0.11191Short-term technical target of the formationMain Target0.10364Target drop equal to the length of the wedge (full measurement)

📍 Technical Observations:

Current Price: 0.12713 USDT

The price has been rejected from the peak of the wedge and has produced a downward signal.

This could be the beginning of a movement in the direction of the breakout of the formation.

If accompanied by an increase in volume, the decline may continue.

📊 Support and Resistance Levels:

Level TypePrice (USDT)DescriptionResistance0.12850Peak point (Top 2)Support0.12000Breakout areaTarget Support0.11191 / 0.10364Formation targets

📌 Possible Scenarios:

ScenarioConditionTarget🔽 DeclineIf the lower line of the wedge breaks0.11191 and 0.10364🔼 RiseStrong breakout above 0.1285Search for a new peak

✅ Summary:

TitleInformationMain FormationRising WedgeDirection ExpectationDownwardBreakout ConfirmationClose below the lower lineDecline Targets0.11191 and 0.10364 USDTWhat to WatchVolume and candle closes