📉
🔍 Pattern: Rising wedge breakdown
📍 Entry: ~$329.09 (breakdown candle near resistance)
🎯 Target: $319.37 (first support), $314.54 (major support)
🛑 Stop-loss: $331.74 (above wedge and resistance zone)
✅ Why this setup?
Price is rejecting from wedge top + supply zone
Bearish structure with lower highs forming
Clear breakdown below ascending trendline
Good risk-reward targeting previous demand zones
🕒 Timeframe: 30-minute
📈 Bias: Short / Reversal from resistance
🔍 Pattern: Rising wedge breakdown
📍 Entry: ~$329.09 (breakdown candle near resistance)
🎯 Target: $319.37 (first support), $314.54 (major support)
🛑 Stop-loss: $331.74 (above wedge and resistance zone)
✅ Why this setup?
Price is rejecting from wedge top + supply zone
Bearish structure with lower highs forming
Clear breakdown below ascending trendline
Good risk-reward targeting previous demand zones
🕒 Timeframe: 30-minute
📈 Bias: Short / Reversal from resistance
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.
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.