don't believe this guy.... last time he said he would go up and I got stuck because all he did was go down and down and now I won't be able to get out until it goes back up to the same level
This chart shows a falling wedge pattern on the weekly timeframe for the 1000SATS/USDT pair. Here’s an alternate explanation:
The price appears to be approaching the support trendline within the wedge, suggesting a potential bounce and bullish breakout from this zone. Falling wedges typically signal a reversal to the upside, meaning the asset may soon shift from its downtrend to an upward move.
As the price nears support, buyers are likely to step in, increasing the probability of a breakout above the resistance line, especially if accompanied by rising trading volume. Keep an eye on this support zone for possible upward momentum.
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