๐ **Technical Analysis โ LAUNCHCOIN/USDT (1H, Bitget):**
* ๐ฐ **Current Price:** \$0.10578
* ๐ฅ **Major Support Zone:** \$0.09000 โ \$0.09800 (gray box)
* ๐ฉ **Resistance Levels:**
* \$0.11037 โ short-term resistance
* \$0.14429 โ major breakout target
* \$0.19350 โ extended resistance zone
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### ๐ **Chart Insights:**
1. **Falling Wedge Formation**
A visible falling wedge (marked by dashed trendlines) typically signals a **potential bullish reversal**. Price is currently near the lower end of the pattern.
2. **Projected Scenarios (Red Arrows):**
* ๐ **Scenario A:** Retest of the **support zone (\$0.090โ\$0.098)** before a possible bounce.
* ๐ **Scenario B:** Immediate breakout from \$0.110 โ rally toward \$0.144 if bulls step in strongly.
3. **Key Confirmation Levels:**
* Holding above \$0.098 = Bullish interest.
* Break and close above \$0.110 = Momentum shift.
* Below \$0.090 = Breakdown risk increases.
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๐ **Conclusion:**
Market is in a **make-or-break zone**. Structure favors a rebound if buyers protect the demand area, but confirmation via volume or a bullish candle close is crucial.
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โ ๏ธ **Disclaimer:**
*This analysis is for educational and informational purposes only. It is **not financial advice**. Always conduct your own research and use proper risk management before making any trading decisions.*
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.