DEXEBUSD { DEXE } - BULLISH SETUP

ANALYSIS 🔎
- DEXEBUSD hit an all time high and retraced.
- Price retested the all-time low support (@2.618).
- There was a relatively high concentration of buyers at that zone.
- The downtrend was resisted by the descending trendline resistance.
- Price brokeout above the descending trendline resistance.
- This is a bullish signal.
- Price then hit a swing high (@23.499) and retraced.
- Price is retesting the key fibonacci retracement zone (0.5 - 0.618 - 0.786) and descending trendline resistance.
- Price action is undergoing a possible double bottom pattern formation.
- The double bottom pattern is a bullish reversal pattern.
- There's an uptrend continuation potential.

BUY ENTRY ⬆️
- Aggressive entry (more profitable): current market price.
- Conservative entry (higher success rate): breakout above the double bottom neckline resistance (@17.7).

TARGETS 🎯
- Horizontal resistance level (@23.499).
- Horizontal resistance level (@31.873).
- Horizontal resistance level (@36.571).

SETUP INVALIDATION ❌
- Initial invalidation: breakdown below the double bottom horizontal support level (@10.475).
- Final invalidation: breakdown below the 0.786 fibonacci retracement level.

Eğlence 🥂