Long
TXA/USDT { TXA PROJECT } - BULLISH SETUP
ANALYSIS 🔎
- TXA/USDT is currently on an uptrend supported by the ascending trendline support.
- The market hit a swing high and retraced.
- Price is retesting the key fibonacci retracement zone (0.618 - 0.702 - 0.786) and ascending trendline support.
- There's a relatively high concentration of buyers at this zone (high buying pressure).
- We could be on the verge of an uptrend continuation.
BUY ENTRY ⬆️
- Breakout above the horizontal resistance level (@3.4829).
TARGETS 🎯
- Horizontal resistance level (@4.5460).
- Fibonacci extension level 1.0 (@4.9140).
SETUP INVALIDATION ❌
- Breakdown below the 0.786 fibonacci retracement level (@3.2711).
- TXA/USDT is currently on an uptrend supported by the ascending trendline support.
- The market hit a swing high and retraced.
- Price is retesting the key fibonacci retracement zone (0.618 - 0.702 - 0.786) and ascending trendline support.
- There's a relatively high concentration of buyers at this zone (high buying pressure).
- We could be on the verge of an uptrend continuation.
BUY ENTRY ⬆️
- Breakout above the horizontal resistance level (@3.4829).
TARGETS 🎯
- Horizontal resistance level (@4.5460).
- Fibonacci extension level 1.0 (@4.9140).
SETUP INVALIDATION ❌
- Breakdown below the 0.786 fibonacci retracement level (@3.2711).
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