LIT / TetherUSLong
LIT/USDT { LIT } - BULLISH SETUP
ANALYSIS 🔎
- LIT/USDT brokeout above the ascending triangle pattern.
- Price is retesting the key fibonacci retracement zone (0.618 - 0.702 - 0.786).
- There's a relatively high concentration of buyers at this zone.
BUY ENTRY ⬆️
- The key fibonacci retracement zone (0.618 - 0.702 - 0.786).
TARGETS 🎯
- Horizontal resistance level (@6.600).
- Horizontal resistance level (@7.780).
- Fibonacci extension level 1.0 (@8.949).
SETUP INVALIDATION ❌
- Breakdown below the 0.786 fibonacci retracement level (@4.697).
- LIT/USDT brokeout above the ascending triangle pattern.
- Price is retesting the key fibonacci retracement zone (0.618 - 0.702 - 0.786).
- There's a relatively high concentration of buyers at this zone.
BUY ENTRY ⬆️
- The key fibonacci retracement zone (0.618 - 0.702 - 0.786).
TARGETS 🎯
- Horizontal resistance level (@6.600).
- Horizontal resistance level (@7.780).
- Fibonacci extension level 1.0 (@8.949).
SETUP INVALIDATION ❌
- Breakdown below the 0.786 fibonacci retracement level (@4.697).
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