21 Jul 2022
📢 *FILUSDT TECHNICAL ANALYSIS –
🔹*Chart Pattern:*
We have a clear *Rising Wedge Formation, a **bearish reversal pattern* often seen after sustained upward movement.
🔹*Key Observations:*
* Price has rejected the upper boundary of the wedge and pulled back aggressively.
* A minor bullish retracement is forming inside the wedge, likely a *liquidity grab or retest*.
* Price currently sits around *\$2.68, with the lower wedge support near **\$2.52*.
🚨 If the wedge breaks *downward*:
* 🔻 *We will Prepare for short entry* if price breaks and retests below
* ⏳ Wait for confirmation (4H candle close below support).
* 📉 Bearish continuation is expected if the pattern plays out.
‼We will share the official entry call in the premium Signal Group
