$POPCAT On the 4-hour chart, $POPCAT is forming a broadening wedge pattern, a bullish signal indicating possible upward momentum.

Let’s break it down for better understanding:

Key Observations.

1. Current Price Movement.

Price is near the lower boundary of the broadening wedge.

This is a potential bounce zone, signaling bullish interest.

2. Momentum Analysis

A rebound from the wedge's lower boundary could initiate a bullish rally toward higher levels.

3. Key Levels to Watch.

Resistance Targets: $1.04, $1.28, $1.47, and $1.65.

Trading Plan.

Buy Zone:

Enter near $0.86–$0.90 range (lower boundary of the wedge).

Targets:

Target 1: $1.04

Target 2: $1.28

Target 3: $1.47

Target 4: $1.65

Stop Loss:

Place at $0.78 (below the lower wedge boundary to minimize risk).

Next Steps and Strategy.

1. Confirmation of Bounce.

Wait for price action to show bullish reversal signals (e.g., a green candle or bullish engulfing pattern near $0.86–$0.90).

2. Volume Analysis

Ensure buying volume increases, confirming strong momentum.

3. Risk Management

Use a risk-reward ratio of 1:3, keeping risk low and potential profit high.

4. Trail Your Stop Loss

As price moves to each target, trail your stop loss upward to lock in profits.

Caution

A break below $0.78 would invalidate this setup, and bearish momentum could take over.

Always stick to your stop-loss strategy.

This is a high-reward setup if price respects the lower boundary and follows through to hit the targets.

Let the chart guide your decisions.

POPCAT #BinanceAlphaAlert #ElSalvadorBTCReserve #USJoblessClaimsFall #GrayscaleSUITrust