ANALYSIS 🔎
- LUNAUSDT got rejected off the ascending channel resistance.
- The market then retraced for a retest of the ascending channel support and 0.618 fibonacci retracement level.
- The retracement was resisted by the descending trendline resistance.
- Price brokeout above the descending trendline resistance.
- There's an uptrend continuation possibility.
BUY ENTRY ⬆️
- Market price (now).
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Fibonacci extension levels.
- Ascending channel resistance.
SETUP INVALIDATION ❌
- Breakdown below the ascending channel support
- LUNAUSDT got rejected off the ascending channel resistance.
- The market then retraced for a retest of the ascending channel support and 0.618 fibonacci retracement level.
- The retracement was resisted by the descending trendline resistance.
- Price brokeout above the descending trendline resistance.
- There's an uptrend continuation possibility.
BUY ENTRY ⬆️
- Market price (now).
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Fibonacci extension levels.
- Ascending channel resistance.
SETUP INVALIDATION ❌
- Breakdown below the ascending channel support