WAGYUSWAP ON ITS WAY TO GLORY - PATIENCE AND CORRELATED W. VELAS

Chart Pattern
Symmetrical Triangle: The chart highlights a symmetrical triangle trading pattern, indicating a period of consolidation where the price is forming higher lows and lower highs. This pattern often leads to a breakout in either direction, depending on momentum and volume.

Key Levels

Support Levels:

$0.0010266 (major support)
$0.0013976 (current consolidation support within the triangle)

Resistance Levels:

$0.0015419 (initial breakout target post-triangle)
$0.0020756 (major resistance)

Indicators

Volume (Vol): The declining volume suggests the market is awaiting a significant breakout. Watch for volume spikes, as they often confirm the direction of the breakout.

MACD and Stochastic Oscillator: These indicators suggest a potential bullish reversal

Stochastic (41.16): Moving out of oversold territory, signaling bullish momentum.

MACD Divergences: The chart suggests positive divergence, with momentum building for upward movement.

Sentiment

The overall sentiment aligns with a bullish scenario due to the compressed price action nearing the apex of the symmetrical triangle.

Trading Plan for WAGYU/USDT

Step 1: Entry Plan
IMMEDIATELY

Step 2: Exit plan
When you feel like it has already done everything for this bull run.