Bearish Reversal Signal on POPCATUSDT with Short Entry at $0.3766

The recent analysis indicates a potential bearish reversal for the short position on #POPCATUSDT, set with a stop loss at $0.3913. The 30-minute timeframe shows the price testing the 30M Order Block (OB) after a false breakout of local resistance and a series of lower wicks, signaling rejection. An ascending wedge, formed amidst a squeeze into the supply zone, bolsters the likelihood of a reversal. Confirmation of a bearish impulse would occur if support at $0.3614 is broken. This scenario is further supported by the reaction at the supply area and the drain of buyer liquidity. Declining volumes suggest buyer weakness, collectively pointing toward a correctional decline.