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Ronaldo

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