The #NTRNUSDT pair is showing a textbook example of a descending wedge, a pattern often associated with strong bullish reversals. Currently, the price sits at $0.3871, near the lower boundary of the wedge, hinting at potential upward momentum.
The breakout target from this pattern points to a massive 261.41% increase, with the price potentially reaching as high as $1.0103. The descending wedge, coupled with a strong support level and increasing volume, makes this a critical setup to watch.
Traders should keep an eye on the price action near the wedge’s upper trendline and look for confirmation of a breakout before entering the trade. If the resistance breaks, it could be the beginning of a significant bullish run.
The breakout target from this pattern points to a massive 261.41% increase, with the price potentially reaching as high as $1.0103. The descending wedge, coupled with a strong support level and increasing volume, makes this a critical setup to watch.
Traders should keep an eye on the price action near the wedge’s upper trendline and look for confirmation of a breakout before entering the trade. If the resistance breaks, it could be the beginning of a significant bullish run.
Trade active
I keep the deal open!Trade active
I keep the deal open!Trade active
I keep the deal open!
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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.