ANT/USDT { ARAGON } - BULLISH SETUP

ANALYSIS 🔎
- ANT/USDT bounced off the all-time low support, breaking out above the descending trendline resistance as expected from my previous analysis.
- Price hit a swing high and retraced.
- Price is currently testing the key fibonacci retracement zone (0.618 - 0.7 - 0.786).
- The pullback retracement was resisted by the descending trendline resistance.
- Price brokeout above the descending trendline resistance.
- Price action is printing the double bottom trend reversal pattern.
- This is a bullish chart pattern.
- There's an uptrend continuation potential.

BUY ENTRY ⬆️
- Aggressive entry (more profitable): current market price
- Conservative entry (higher success rate): breakout above the double bottom neckline resistance (@5.300).

TARGETS 🎯
- Horizontal resistance level (@7.080).
- Horizontal resistance level (@8.755).
- Fibonacci extension levels 1.0 (@10.053).

SETUP INVALIDATION ❌
- Initial invalidation: breakdown below the horizontal support level (@4.076).
- Final invalidation: breakdown below the 0.786 fibonacci retracement level (@4.057).