If the price will touch the circled area i could bet in a price correction till the middle of the wedge. A little correction is expected in March by the token supply increase. In any case i don't expect a price reversal but eventually it will be evaluated again closer to the June token unlock.
Trade active:
On 4H Timeframe:
POC of at 1.5530 as possible target
Retest and breakdown ongoing
POC of at 1.5530 as possible target
Retest and breakdown ongoing