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Badger

BADGERUSDT (BADGER) - POTENTIAL BUY ENTRY ANALYSIS 🔎 - BADGERUSDT was bounded in the falling wedge pattern. - A falling wedge pattern is a bullish reversal pattern - Price brokeout above the falling wedge's resistance as expected. - The market then retraced for a retest. - Price is retesting the falling wedge's resistance, ascending trendline support (ATS) and key fibonacci retracement zone (0.5 - 0.618 - 0.786). - There's a relatively high concentration of buyers at this retest zone. - The retracement is resisted by the descending trendline resistance (DTR). - Breakout above this trendline resistance could be a bullish signal. BUY ENTRY ⬆️ - Breakout above the descending trendline resistance (DTR). TARGETS 🎯 - Horizontal resistance level (R1). - Fibonacci extension levels. - Horizontal resistance level (R2). SETUP INVALIDATION ❌ - Breakdown below the 0.786 fibonacci retracement level and the ascending trendline support (ATS)
Long
by Chibuike_Odoh