- TWTUSDT hit an ATH
- The market then retraced, rejecting the ascending channel (AC) resistance and breaking down below the minor ascending channel (MAC) support.
- Price is retesting the ascending channel (AC) support and 0.618 fibonacci retracement level.
- There's a relatively high concentration of buyers at this retest zone.
- The retracement is...
- 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.
- Buy entry⬆️: breakout above the inverse head and shoulders neckline resistance
- Targets 🎯: first fibonacci extension levels, swing high resistance (R1).