Chibuike_Odoh

MITHUSDT (MITHRIL) - BULLISH SETUP

Long
BINANCE:MITHUSDT   Mithril / TetherUS
ANALYSIS πŸ”Ž
- MITHUSDT has been on a mid-term uptrend.
- Price action is printing a pennant (P) pattern.
- A pennant pattern is a trend continuation pattern.
- It is a bullish continuation pattern in this case.
- There's a breakout potential.

BUY ENTRY ⬆️
- Stop limit entry : breakout above the pennant pattern's inclined resistance.
- Limit entry : test of the pennant pattern's inclined support.
- Market entry : current market price ( CMP ).

TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Fibonacci extension levels.

SETUP INVALIDATION ❌
- Breakdown below the pennant pattern's inclined support.

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