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JUVBUSD

JUV/BUSD { JUVENTUS FAN TOKEN } - BULLISH SETUPANALYSIS 🔎 - JUV/BUSD is on an uptrend supported by the ascending trendline support. - Price hit a swing high and retraced for a retest of the ascending trendline support and key fibonacci retracement zone (0.618 - 0.702 - 0.786). - The retracement was resisted by the descending trendline resistance. - Price brokeout above the descending trendline. - We could be on the verge of an uptrend continuation. BUY ENTRY ⬆️ - Conservative entry: breakout above the horizontal resistance level (@13.28). - Aggressive entry: current market price. TARGETS 🎯 - Horizontal resistance level (@14.55). - Horizontal resistance level (@16.07). - Horizontal resistance level (@20.56). - Fibonacci extension level 1.0 (@22.86). SETUP INVALIDATION ❌ - Breakdown below the ascending trendline support and fibonacci retracement level 0.786 (@12.17).
JLong
by Chibuike_Odoh
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