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Technical analysis by Zorroreny about Symbol IDEA: Buy recommendation (5/16/2025)

https://sahmeto.com/message/3516238
Zorroreny
Zorroreny
Rank: 34057
1.3

IDEA time to bounce and break out of falling wedge

:Buy
Price at Publish Time:
$0.00022835
Profit Target:
(+74.52%)$0.00039851
Stop Loss Price:
(-54.84%)$0.00010313
Buy،Technical،Zorroreny

IDEA is in oversold range, has developed bullish divergence and is coiling into falling wedge indicating incoming reversal. Whole pattern is similar to AIOZ which also broke diagonal resistance line, created lower low and coiled into falling wedge formation before reversing.I expect bounce up and breakout of falling wedge formation, leading into push toward fibb 0.886 range.

Source Message: TradingView
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