Chibuike_Odoh

XLMUPUSDT (XLMUP) - POTENTIAL BUY ENTRY

Long
BINANCE:XLMUPUSDT   XLMUP / TetherUS
ANALYSIS πŸ”Ž
- XLMUPUSDT has been ranging since December 2020.
- The market is testing the ATL support.
- The downtrend to the support was resisted by the descending trendline resistance ( DTR ).
- Price brokeout above the descending trendline resistance and retraced
- Price action is printing a falling wedge ( FW ) pattern.
- There's a breakout potential.

BUY ENTRY ⬆️
- Breakout above the falling wedge's resistance.

TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- ATH ( All-Time High) resistance.

SETUP INVALIDATION ❌
- Breakdown below the falling wedge's support.
- This breakdown will probably lead to the retest of the ATL support.
- Which if it holds, will lead to the formation of the double bottom bullish reversal pattern.

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