Long
HNTUSDT - Accumulation phase
HNTUSDT has been consolidating in a rectangular pattern since November (accumulation phase).
Price has formed a higher swing high and a higher swing low.
Potential breakout.
Buy entry ⬆️ - breakout above the rectangular pattern's horizontal resistance.
Targets 🎯 - fibonacci extension levels.
Setup invalidation ❌ - breakdown below the rectangular pattern's horizontal support
Price has formed a higher swing high and a higher swing low.
Potential breakout.
Buy entry ⬆️ - breakout above the rectangular pattern's horizontal resistance.
Targets 🎯 - fibonacci extension levels.
Setup invalidation ❌ - breakdown below the rectangular pattern's horizontal support
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.