- TORN/USDT hit a swing high and retraced.
- Price retested the key zone (0.5 - 0.618 - 0.786).
- There was a relatively high concentration of buyers at the retest zone.
- The retracement was bounded in the pattern.
- The pattern is a reversal pattern.
- Price brokeout above the falling wedge's resistance as expected.
- This is a signal.
BUY ENTRY ⬆️
- Market entry: current market price.
- Stop limit entry: breakout above the horizontal (@54.04).
- Limit entry: possible retest of the swing low horizontal (@49. 01 ).
- Horizontal (@57.29)
- Horizontal (@83.71).
SETUP INVALIDATION ❌
- Initial invalidation : breakdown below the swing low horizontal (@49. 01 )
- Final invalidation : breakdown below the 0.786 level.