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Recently, I noticed something interesting in TNSR on the weekly chart. A pattern called a descending wedge is forming, and honestly, these patterns are among the most reliable when looking for strong bullish reversals.
For those who don’t know, a descending wedge is a pattern where the price makes lower highs and lower lows, but here’s the key point: the trendlines are converging more and more. It’s like the price is being compressed, and the tighter that space gets, the more explosive the breakout can be.
What makes a descending wedge valid is quite specific. You need to see three touches on the resistance, three touches on the support, both lines clearly descending, and the price oscillating within the channel. The longer the pattern persists, the more violent the breakout when it finally happens.
Now, the safest entry isn’t just when it breaks the resistance. The professional move is to wait for it to close above that line and then retest it. That gives you a clean entry, an obvious stop loss just below the last low of the channel, and clear targets.
For targets, there are generally three levels: the last peak within the channel, the nearest previous resistance, and finally the entire zone where the pattern started. The larger the descending wedge, the bigger those moves can be.
In practice, after a well-formed descending wedge pattern breaks and confirms with a retest, it’s common to see moves between 20% and 80% in established coins. Smaller altcoins can surge even 200% or more. That’s why many traders consider this pattern one of their most powerful tools.
The key is to be selective: look for a clear, well-defined descending wedge, and watch for volume to increase at the breakout. That’s what separates a real breakout from a false alarm. If you see this in TNSR or other coins, it might be worth keeping on your radar. I’m monitoring this closely on Gate, so if you’re interested in technical analysis, we can keep sharing these patterns.