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Juv

JUV - Trade SetupJUV had a 40% move up and seems strong. There are strong buy volumes on the market. It's pushing up the Bollinger bands but the breakout was so big that we might see some corrections. Watch out with your long positions. There are two resistance areas on the way up. Wait until the price crosses the first resistance and after it confirmed and closed a 4H candle above resistance, you can open your long positions. Use risk management. I'll keep this chart updated. Use this chart as your trade setup for now. Current Market Price: $15.14 Good Luck Tell me your ideas. Like and Share
by ShawnMCR
4
JUVUSDT (JUVENTUS FAN TOKEN) - BULLISH SETUP ANALYSIS 🔎 - JUVUSDT brokeout above the double bottom (DB) neckline resistance (NR). - The market hit a swing high and retraced. - Price is retesting the neckline resistance (NR) and the key fibonacci retracement zone (0.5 - 0.618 - 0.786). - There is a relatively high concentration of buyers at the retest zone (High buying pressure). - The retracement is resisted by the descending trendline resistance (DTR). - A breakout above the descending trendline resistance (DTR) could be a bullish signal. BUY ENTRY ⬆️ - Breakout above the descending trendline resistance (DTR). TARGETS 🎯 - Horizontal resistance level (R1). - Horizontal resistance level (R2). - Horizontal resistance level (R3). - Fibonacci extension levels. SETUP INVALIDATION ❌ - Breakdown below the 0.786 fibonacci retracement level.
Long
by Chibuike_Odoh