DENT/USDT { DENT } - BULLISH SETUP

ANALYSIS 🔎
- DENT/USDT brokeout above the inverse head and shoulders pattern as expected from my previous analysis.
- Price hit a swing high and retraced.
- Price is currently testing the key fibonacci retracement zone (0.618 - 0.7 - 0.786).
- The pullback retracement was resisted by the bullish flag pattern.
- Price brokeout above the bullish flag's resistance as expected.
- Price is currently retesting the bullish flag's resistance and the key fibonacci retracement zone.
- Price action is showing a potential formation of the inverse head and shoulder's bullish pattern (not indicated to avoid crowded chart).
- There's an uptrend continuation potential.

BUY ENTRY ⬆️
Market entry: current market price.
- Stop limit entry: Breakout above the horizontal resistance level (@0.006290).
- Limit entry: possible short term retracement.

TARGETS 🎯
- Horizontal resistance level (@0.006290).
- Horizontal resistance level (@0.008900).
- Fibonacci extension levels 1.0 (@0.010841)

SETUP INVALIDATION ❌
- Breakdown below the 0.786 fibonacci retracement level (0.004233)