BTQ Technologies is testing the lower boundary of a descending wedge pattern. The key breakout level sits at $7.00 – if price can close above this zone, it signals potential upside momentum.
Once $7 gets cleared, watch for $10.71 as the next significant target. That level corresponds to the 50% retracement, which typically acts as strong resistance or confluence point on the way up.
The pattern setup here is textbook: wedges often precede sharp directional moves once they break. Current price action suggests the market is making a decision point, so the $7 level will be critical in the next phase.
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NFTArchaeologist
· 21h ago
Will 7 yuan break or not? That's the key. If it can really break through, then the 10.71 rally must be followed up.
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HappyToBeDumped
· 21h ago
Can 7 dollars hold steady? It feels like this breakdown is about to fluctuate again soon.
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ForkTongue
· 21h ago
If 7 bucks can't break me, I won't watch anymore. This wedge has been playing for so long and is still entangled here.
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ForeverBuyingDips
· 22h ago
If I can't break 7 yuan, I'll admit defeat. I'm betting this wave can push it over 10 yuan.
BTQ Technologies is testing the lower boundary of a descending wedge pattern. The key breakout level sits at $7.00 – if price can close above this zone, it signals potential upside momentum.
Once $7 gets cleared, watch for $10.71 as the next significant target. That level corresponds to the 50% retracement, which typically acts as strong resistance or confluence point on the way up.
The pattern setup here is textbook: wedges often precede sharp directional moves once they break. Current price action suggests the market is making a decision point, so the $7 level will be critical in the next phase.