🔰 Current Status:
🔰 Structure Analysis:
▪️ Price is currently forming Lower Lows (LL) and Lower Highs (LH).
▪️ A Change of Character (ChoCh) is identified around $0.0028.
➔ A breakout and candle close above $0.0028 would confirm a major trend reversal.
🔰 Pattern Breakout:
The price has also broken out from a falling wedge pattern, indicating that bullish momentum is building up.
🔰 Accumulation Zone:
Key accumulation area: $0.0022–$0.0019.
🔰 Targets:
Immediate resistance zones will act as the first targets post-breakout.
Major rally potential toward a New ATH if $0.0028 flips into support.
🔰 Risk Management:
Stop Loss suggested at: $0.001590 (below previous support structure).
Key Question:
Can
If ChoCh breakout and resistance flip are confirmed, $0.03+ becomes a highly probable target during strong altseason momentum.
DYOR — Trade Safe.
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Twitter: twitter.com/CryptoPatel
Telegram: t.me/OfficialCryptoPatel
Instagram: instagram.com/cryptopatel?utm_medium=copy_link
Telegram: t.me/OfficialCryptoPatel
Instagram: instagram.com/cryptopatel?utm_medium=copy_link
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
