ANALYSIS 🔎
- SLP/USDT hit a swing high and retraced.
- Price is retesting the key fibonacci retracement zone ( 0.5 - 0.618 - 0.786 ) and the horizontal support level.
- There's a potential for the formation of the inverse head and shoulders pattern.
BUY ENTRY ⬆️
- Aggressive entry: the key fibonacci retracement zone ( 0.5 - 0.618 - 0.786 ).
- Conservative entry: breakout above the inverse head and shoulder's neckline resistance.
TARGETS 🎯
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Initial invalidation: breakdown below the 0.786 fibonacci retracement level.
- Final invalidation: breakdown below the horizontal support level (@0.1283).
- SLP/USDT hit a swing high and retraced.
- Price is retesting the key fibonacci retracement zone ( 0.5 - 0.618 - 0.786 ) and the horizontal support level.
- There's a potential for the formation of the inverse head and shoulders pattern.
BUY ENTRY ⬆️
- Aggressive entry: the key fibonacci retracement zone ( 0.5 - 0.618 - 0.786 ).
- Conservative entry: breakout above the inverse head and shoulder's neckline resistance.
TARGETS 🎯
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Initial invalidation: breakdown below the 0.786 fibonacci retracement level.
- Final invalidation: breakdown below the horizontal support level (@0.1283).
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.