ANALYSIS 🔎
- SUPERUSDT was bounded in the falling wedge (FW) pattern.
- A falling wedge pattern is a bullish reversal pattern.
- Price brokeout above the falling wedge's (FW) resistance as expected.
- The market then retraced.
- The retracement is resisted by the descending trendline resistance (DTR).
BUY ENTRY ⬆️
- Breakout above the descending trendline resistance (DTR) .
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Horizontal resistance level (R3).
- Horizontal resistance level (R4).
SETUP INVALIDATION ❌
- Breakdown below the swing low support level (S1).
- SUPERUSDT was bounded in the falling wedge (FW) pattern.
- A falling wedge pattern is a bullish reversal pattern.
- Price brokeout above the falling wedge's (FW) resistance as expected.
- The market then retraced.
- The retracement is resisted by the descending trendline resistance (DTR).
BUY ENTRY ⬆️
- Breakout above the descending trendline resistance (DTR) .
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Horizontal resistance level (R3).
- Horizontal resistance level (R4).
SETUP INVALIDATION ❌
- Breakdown below the swing low support level (S1).
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.