Immediate Breakout Scenario:
Condition: A decisive close above the descending trendline with increased volume.
First Target (T1): The peak of the triangle's highest point. In this case, it looks to be around 0.00000500 USDT.
Second Target (T2): If T1 is surpassed, the next target could be the subsequent resistance level, potentially near 0.00000600 USDT.
Consolidation Before Breakout Scenario:
Condition: Price action consolidating at the triangle's support level before a strong breakout occurs.
First Target (T1): Similar to the immediate breakout scenario, targeting around 0.00000500 USDT.
Second Target (T2): Depending on the strength of the breakout, aiming for 0.00000600 USDT or beyond.
Fundamental Reversal Scenario:
Condition: Driven by significant positive news or developments that alter market sentiment drastically.
Targets: In such a scenario, the price may not adhere strictly to technical levels and could aim for new highs based on the strength and impact of the news.
$SOL $BONK #wen #wif #memecoin
