- 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...
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While considering the beginning price of this token ever since it was offered and had a rise, we can see a retracing in the price after each of the rises.
We think that if the price is able to break its trend line, it would experience higher prices.
But if it is not able to break the line,...
TWT has a very nice technical setup atm to go with its fundamental edge from being associated with Binance which is hot rn.
This is a very easy long on break of yellow line with good support on cyan line so stop below is good. Really you can buy up any dips towards the cyan with a stop below and feel pretty good about it (sure worked out in similar spot on...
- 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).