OGNUSDT (ORIGIN PROTOCOL) - POTENTIAL BUY ENTRY

ANALYSIS 🔎
- OGNUSDT printed a falling wedge pattern.
- A falling wedge pattern is a bullish reversal pattern.
- Price brokeout above the falling wedge's resistance.
- The market has been consolidating in a rectangular pattern since the breakout.
- This rectangular consolidation pattern is known as the accumulation phase (0 - 0.786 fibonacci retracement level).
- There's a breakout potential.

BUY ENTRY ⬆️
- Breakout above the accumulation phase resistance (0 fibonacci retracement level / R1).

TARGETS 🎯
- Horizontal resistance level (R2).
- Fibonacci extension levels.
- Horizontal resistance level (R3).

SETUP INVALIDATION ❌
- Breakdown below the accumulation phase support (0.786 fibonacci retracement level / S1).