ANALYSIS 🔎 - FOR/BUSD is printing an ascending triangle pattern. - An ascending triangle pattern is a bullish build up pattern. - Price is retesting the ascending triangle's inclined support. - There's a relatively high concentration of buyers at this zone. - There's an uptrend potential.
BUY ENTRY ⬆️ - Market entry: current market price. - Stop limit entry: Breakout above the horizontal resistance level (@0.09667). - Limit entry: possible short term retracement.
TARGETS 🎯 - Ascending triangle's horizontal resistance level (@0.14500). - Further breakout above the ascending triangle's horizontal resistance could lead to a pump to the fibonacci extension levels.
SETUP INVALIDATION ❌ - Breakdown below the ascending triangle's inclined support and horizontal resistance level (@0.07683).