Chibuike_Odoh

ORNUSDT (ORION PROTOCOL) - POTENTIAL BUY ENTRY

Long
BINANCE:ORNUSDT   ORN / TetherUS
ANALYSIS 🔎
- ORNUSDT is bounded in the descending channel (DC).
- Price is testing the descending channel support.
- The impulsive downtrend move is bounded in the falling wedge ( FW ) pattern.
- A falling wedge pattern is a bullish reversal pattern.
- RSI is printing a bullish divergence signal.
- There's a breakout potential.

BUY ENTRY ⬆️
- Breakout above the falling wedge's resistance and horizontal resistance level (R1).

TARGETS 🎯
- Horizontal resistance level (R2).
- Descending channel resistance.

SETUP INVALIDATION ❌
- Breakdown below the descending channel support.