BALUSDT bounced off the 0.618 fibonacci retracement level + ascending channel support.
RSI is printing a bullish divergence signal.
Price is printing the double bottom reversal pattern.
Buy entry ⬆️ - breakout above the double bottom neckline resistance.
Target 🎯 - resistance level, ascending channel resistance.
Setup invalidation ❌ - breakdown below the ascending channel support.
RSI is printing a bullish divergence signal.
Price is printing the double bottom reversal pattern.
Buy entry ⬆️ - breakout above the double bottom neckline resistance.
Target 🎯 - resistance level, ascending channel resistance.
Setup invalidation ❌ - breakdown below the ascending channel support.
