Volume is declining — a typical sign of breakout preparation
Currently testing the apex zone (~0.1776)
🟩 Entry Zone: ~Now or .1702
$ 🎯 Targets:
TP1: $0.1858
TP2: $0.1958
TP3: $0.2080
🟥 Stop Loss: Below pennant support (~$0.1752 or $0.1603 for wider SL)
📊 Volume: Holding above 822K — healthy for continuation 📌 Confirmation: Wait for a breakout candle above resistance with strong volume
🧠 Technical Insight: Bullish pennants statistically succeed ~60% of the time. With this setup, a breakout could mirror the previous move — targeting up to +15% upside.
⚠️ Reminder: Monitor BTC/ETH direction, as overall market sentiment will impact altcoins like MOVE.
🔍 Volume: Still low – needs breakout confirmation with higher volume
⚠️ Trade Notes:
For confirmation, look for a strong bullish candle above wedge resistance with volume. Avoid entering if price falls back below $13.00 — could indicate a fakeout.
🚀 Summary: Chainlink is showing a potential bullish breakout from a classic falling wedge. If confirmed, a move toward $13.50 is likely. Stick to the plan, manage your risk, and wait for confirmation!
☕ Cup & Handle Formation: WIF has formed a classic cup & handle pattern — a bullish continuation signal — indicating potential for a long-term breakout. Handle consolidation is clearly visible with decreasing volume.
🎯 Entry Zones: 🔹 1st Entry: Now or after breakout confirmation 0.84 USDT daily closing 🔹 2nd Entry: 0.54 –0.498 USDT (DCA Zone) 📉 SL Zone (Stop-loss): Below 0.498 / max risk 0.238 $WIF #WIF #WIFUSDT