ANALYSIS 🔎 - XLMUPUSDT has been ranging since December 2020. - The market is testing the ATL support. - The downtrend to the support was resisted by the descending trendline resistance (DTR). - Price brokeout above the descending trendline resistance and retraced - Price action is printing a falling wedge (FW) pattern. - There's a breakout potential.
BUY ENTRY ⬆️ - Breakout above the falling wedge's resistance.
SETUP INVALIDATION ❌ - Breakdown below the falling wedge's support. - This breakdown will probably lead to the retest of the ATL support. - Which if it holds, will lead to the formation of the double bottom bullish reversal pattern.