Analysis ๐: LRCUSDT brokeout above the symmetrical triangle's inclined resistance.
Price hit a new All Time High (ATH) and retraced.
Price is testing the flip horizontal support + key fibonacci retracement levels.
Price action is printing the inverse head and shoulders trend reversal pattern.
A bullish pin bar (hammer) was formed at the swing low (inversed Head).
Possible uptrend continuation.
Buy entry โฌ๏ธ: breakout above the inverse head and shoulders neckline resistance.
Targets ๐ฏ: previous swing high (ATH), fibonacci extension level (1.0).
Setup invalidation โ: breakdown below the right shoulder support level.
Price hit a new All Time High (ATH) and retraced.
Price is testing the flip horizontal support + key fibonacci retracement levels.
Price action is printing the inverse head and shoulders trend reversal pattern.
A bullish pin bar (hammer) was formed at the swing low (inversed Head).
Possible uptrend continuation.
Buy entry โฌ๏ธ: breakout above the inverse head and shoulders neckline resistance.
Targets ๐ฏ: previous swing high (ATH), fibonacci extension level (1.0).
Setup invalidation โ: breakdown below the right shoulder support level.
