ANALYSIS 🔎
- ANT/USDT was ranging in a rectangular pattern.
- The market brokeout above the range resistance, hit a swing high (@6.499) and retraced.
- Price is retesting the key fibonacci retracement zone (0.618 - 0.702 - 0.786) and the horizontal support level.
- There's a relatively high concentration of buyers at this zone (high buying pressure).
BUY ENTRY ⬆️
- Key fibonacci retracement zone (0.618 - 0.702 - 0.786).
TARGETS 🎯
- Horizontal resistance level (@5.708).
- Horizontal resistance level (@6 499).
- Fibonacci extension level 1.0 (@7.219).
SETUP INVALIDATION ❌
- Breakdown below the 0.786 fibonacci retracement level (@4.595).
- ANT/USDT was ranging in a rectangular pattern.
- The market brokeout above the range resistance, hit a swing high (@6.499) and retraced.
- Price is retesting the key fibonacci retracement zone (0.618 - 0.702 - 0.786) and the horizontal support level.
- There's a relatively high concentration of buyers at this zone (high buying pressure).
BUY ENTRY ⬆️
- Key fibonacci retracement zone (0.618 - 0.702 - 0.786).
TARGETS 🎯
- Horizontal resistance level (@5.708).
- Horizontal resistance level (@6 499).
- Fibonacci extension level 1.0 (@7.219).
SETUP INVALIDATION ❌
- Breakdown below the 0.786 fibonacci retracement level (@4.595).
