C98/USDT { COIN98 } - BULLISH SETUP

ANALYSIS 🔎
- C98/USDT is on an uptrend supported by the ascending trendline support.
- Price hit an ATH and retraced for a retest of the ascending trendline support, flip horizontal support and the key fibonacci retracement zone (0.5 - 0.618 - 0.786).
- The retracement was resisted by the descending trendline resistance.
- Price brokeout above the descending trendline.
- Price action is printing a symmetrical triangle pattern.
- We could be on the verge of an uptrend continuation.

BUY ENTRY ⬆️
- Market entry: current market price.
- Stop limit entry: breakout above the symmetrical triangle's inclined resistance.
- Limit entry: test of the symmetrical triangle's inclined support.

TARGETS 🎯
- Horizontal resistance level (@4.490).
- Horizontal resistance level (@5.300).
- Horizontal resistance level (@6.445).
- Fibonacci extension level 1.0 (@8.343).

SETUP INVALIDATION ❌
- Initial invalidation: breakdown below the symmetrical triangle's inclined support.
- Final invalidation: breakdown below the ascending trendline support.