- ALICEBUSD brokeout above the ( DB ) neckline resistance ( NR ).
- The market hit a swing high and retraced.
- Price is retesting the neckline resistance ( NR ) and key 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 signal.
BUY ENTRY ⬆️
- Breakout above the descending trendline resistance ( DTR ) and the horizontal (R1).
- Horizontal (R2).
- Horizontal (R3).
SETUP INVALIDATION ❌
- Breakdown below the 0.786 level.