Chibuike_Odoh

OM/BTC { MANTRA DAO } - BULLISH SETUP

Long
BINANCE:OMBTC   OM / Bitcoin
ANALYSIS πŸ”Ž
- OM/ BTC was resisted by the descending trendline resistance.
- Price brokeout above the descending trendline resistance.
- This is a bullish signal.
- Price action printed the double bottom pattern.
- The double bottom is a bullish reversal pattern.
- Price brokeout above the double bottom neckline resistance.
- This is a bullish signal.
- The market is currently resisted by the descending trendline resistance.
- Breakout above the descending trendline resistance could be a bullish signal.

BUY ENTRY ⬆️
- Conservative entry: breakout above the descending trendline resistance.
- Aggressive entry: current market price.

TARGETS 🎯
- Horizontal resistance level (@0.00000647).
- Horizontal resistance level (@0.00000878).
- Horizontal resistance level (@0.00001560).

SETUP INVALIDATION ❌
- Breakdown below the double bottom horizontal support level (0.00000289)

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