Chibuike_Odoh

TWTUSDT (TRUST WALLET TOKEN) - POTENTIAL BREAKOUT

Long
BINANCE:TWTUSDT   TWT / TetherUS
ANALYSIS 🔎
- TWTUSDT is testing the ascending channel support.
- Price action is printing the inverse head and shoulders pattern.
- There's a breakout potential.
- This is double trade setup.

FIRST SETUP
- Buy entry⬆️: breakout above the inverse head and shoulders neckline resistance
- Targets 🎯: first fibonacci extension levels, swing high resistance (R1).
- Setup invalidation ❌: breakdown below the right shoulder support level (S1).

SECOND SETUP
- Buy entry ⬆️: breakout above the swing high resistance (R1).
- Targets 🎯: second fibonacci extension levels, ascending channel resistance.
- Setup invalidation ❌: breakdown below the ascending channel support.

Comments

bro which broker are you using?
+1 Reply
Chibuike_Odoh theriyazsaifi
@theriyazsaifi exchange actually, binance exchange
Reply
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