ANALYSIS 🔎 - TRUUSRT is on an uptrend supported by the ascending trendline support. - The market hit a swing high and retraced. - Price is retesting the flip horizontal support, the ascending trendline support and the key fibonacci retracement zone (0.5 - 0.618 - 0.786). - There's a relatively high concentration of buyers at this zone. - The retracement is resisted by the descending trendline resistance. - Breakout above this descending trendline resistance could be an uptrend continuation signal.
BUY ENTRY ⬆️ - Aggressive entry: the key fibonacci retracement zone. - Conservative entry: breakout above the descending trendline resistance.