ANALYSIS 🔎
- MKRUSDT brokeout above the descending triangle's inclined resistance and hit an ATH.
- The market then retraced for a retest of the flip horizontal support (S1) and fibonacci retracement levels.
- A bullish pin bar (hammer) was formed at the retest area.
- Price action is printing a symmetrical triangle pattern.
- There's a possible uptrend continuation.
BUY ENTRY ⬆️
- Aggressive entry (risky) : current market price (now).
- Conservative entry : breakout above the symmetrical triangle's inclined resistance.
TARGETS 🎯
- ATH resistance
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the symmetrical triangle's inclined support.
- MKRUSDT brokeout above the descending triangle's inclined resistance and hit an ATH.
- The market then retraced for a retest of the flip horizontal support (S1) and fibonacci retracement levels.
- A bullish pin bar (hammer) was formed at the retest area.
- Price action is printing a symmetrical triangle pattern.
- There's a possible uptrend continuation.
BUY ENTRY ⬆️
- Aggressive entry (risky) : current market price (now).
- Conservative entry : breakout above the symmetrical triangle's inclined resistance.
TARGETS 🎯
- ATH resistance
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the symmetrical triangle's inclined support.
