JUVUSDT trade ideas
JUVUSDT Ascending Triangle - Bullish After Breakout & RetestJUVUSDT Ascending Triangle - Bullish After Breakout & Retest
NOTE: DO YOUR OWN ANALYSIS. DO PROPER RISK AND MONEY MANAGEMENT. SPOT TRADING ONLY.
Open Trade IF & ONLY IF the setup is validated!
If the market break above and the retest completed, then buy above 11.6.
See the Targets and stop loss in the chart.
JUVUSDT (JUVENTUS FAN TOKEN) - BULLISH SETUP ANALYSIS 🔎
- JUVUSDT brokeout above the double bottom (DB) neckline resistance (NR).
- The market hit a swing high and retraced.
- Price is retesting the neckline resistance (NR) and the key fibonacci retracement zone (0.5 - 0.618 - 0.786).
- There is a relatively high concentration of buyers at the retest zone (High buying pressure).
- The retracement is resisted by the descending trendline resistance (DTR).
- A breakout above the descending trendline resistance (DTR) could be a bullish signal.
BUY ENTRY ⬆️
- Breakout above the descending trendline resistance (DTR).
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Horizontal resistance level (R3).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the 0.786 fibonacci retracement level.
🆓Juventus Fan Token/USDT Analysis (14/2) #JUV $JUVJUV is having a correction to 10$ zone to re-test this area before rebounding to conquer 13$ zone and rising to 15$ or even 20$ in this February.
📈BUY
-Buy: 9.8-10.2$. SL if B
📉SELL
-Sell: 12.7-13.3$. SL if A
-Sell: 14.7-15.3$. SL if A
-Sell: 19.5-20.5$. SL if A
♻️BACK-UP
-Buy: 8.8-9.2$. SL if B
❓Details
Condition A : "If 8H candle closes ABOVE this zone"
Condition B : "If 8Hcandle closes BELOW this zone"
JUV/USDT Bullish Parabola incoming!JUV/USDT so far shows a typical Binance listing pattern where it peaks shortly after the listing and bleeds afterwards into a parabolic recovery.
The Juventus Fan token is capped by 20million tokens which isn't much at all considering the amount of Juventus supporters.
The support level is around 7-8$ which makes it a great entry at this very moment.