ANALYSIS 🔎 - TWTUSDT hit an ATH - The market then retraced, rejecting the ascending channel (AC) resistance and breaking down below the minor ascending channel (MAC) support. - Price is retesting the ascending channel (AC) support and 0.618 fibonacci retracement level. - There's a relatively high concentration of buyers at this retest zone. - The retracement is bounded in the minor descending channel (MDC). - A breakout above the minor descending channel (MDC) resistance could be an uptrend continuation signal.
BUY ENTRY ⬆️ - Breakout above the minor descending channel (MDC) resistance and the previous swing high horizontal resistance level (R1).