LAI moving in falling wedge formationLAI made new low and is doing what it seems a falling wedge formation.We are near oversold range, are sitting at diagonal support line and have bullish divergence so I am expecting bounce up to test diagonal resistance line. From there correction which if it forms higher low opens path for breakout and test of S/R range at fibb 0.786 where likely again correction time (potentially forming inverted H&S pattern).
LAIUSD trade ideas
LAI: A Big Scam or A Big Chance #LAI is at an all-time low, with the community accusing the team of scams and fraud. However, the chart shows some optimism.
If the next bounce is strong enough to reach and pass $0.0243, a bullish outlook will be confirmed.
Since the token is at ATL, strict risk management is essential.
#LayerAI