AKROUSDT (AKROUSDT) - UPTREND CONTINUATION
ANALYSIS 🔎
- AKROUSDT is bounded in a major ascending channel.
- Price rejected the major ascending channel resistance and is retracing to the major ascending channel support.
- The retracement is bounded in a minor descending channel.
- Price is testing the major ascending channel support and fibonacci retracement levels.
- Possible bounce off the major ascending channel support.
BUY ENTRY ⬆️
- Aggressive (risky) : fibonacci retracement levels, major ascending channel support, minor descending channel support
- Conservative : breakout above the minor descending channel resistance.
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Major ascending channel resistance.
SETUP INVALIDATION ❌
- Breakdown below the major ascending channel support.
- AKROUSDT is bounded in a major ascending channel.
- Price rejected the major ascending channel resistance and is retracing to the major ascending channel support.
- The retracement is bounded in a minor descending channel.
- Price is testing the major ascending channel support and fibonacci retracement levels.
- Possible bounce off the major ascending channel support.
BUY ENTRY ⬆️
- Aggressive (risky) : fibonacci retracement levels, major ascending channel support, minor descending channel support
- Conservative : breakout above the minor descending channel resistance.
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Major ascending channel resistance.
SETUP INVALIDATION ❌
- Breakdown below the major ascending channel support.
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