$DRIFT
DRIFT
Alpha
0.034559
+26.76%
#DRIFTUSDT price is moving within a descending broadening wedge. Price has dropped sharply and is now testing the lower boundary right around the immediate demand zone at 0.025. The important supply zone sits way up at 0.26 acting as strong overhead resistance.
This pattern often leads to a reversal once price breaks above the upper descending trendline. For now, I'm watching closely for a bounce and reclaim above 0.040 with decent volume as a potential long setup. If it holds here, the measured move from the wedge could push price significantly higher toward previous swing highs.
Trade active
Keep a close watch on price action at the immediate demand area.
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