ANALYSIS 🔎 - TORN/USDT hit a swing high and retraced. - Price retested the key fibonacci retracement zone (0.5 - 0.618 - 0.786). - There was a relatively high concentration of buyers at the retest zone. - The retracement was bounded in the falling wedge pattern. - The falling wedge pattern is a bullish reversal pattern. - Price brokeout above the falling wedge's resistance as expected. - This is a bullish signal.
BUY ENTRY ⬆️ - Market entry: current market price. - Stop limit entry: breakout above the horizontal resistance level (@54.04). - Limit entry: possible retest of the swing low horizontal support level (@49.01).
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