ANALYSIS 🔎 - TWTUSDT is testing the ascending channel support. - Price action is printing the inverse head and shoulders pattern. - There's a breakout potential. - This is double trade setup.
FIRST SETUP - Buy entry⬆️: breakout above the inverse head and shoulders neckline resistance - Targets 🎯: first fibonacci extension levels, swing high resistance (R1). - Setup invalidation ❌: breakdown below the right shoulder support level (S1).
SECOND SETUP - Buy entry ⬆️: breakout above the swing high resistance (R1). - Targets 🎯: second fibonacci extension levels, ascending channel resistance. - Setup invalidation ❌: breakdown below the ascending channel support.