ANALYSIS 🔎 - QNTBUSD is on an uptrend bounded in the ascending channel. - The market hit an all time high (ATH) and retraced. - Price is retesting the flip horizontal support, the ascending channel support and the key fibonacci retracement zone (0.5 - 0.618 - 0.786). - There's a relatively high concentration of buyers at this zone. - The retracement is resisted by the descending trendline resistance. - Breakout above this descending trendline resistance could be an uptrend continuation signal.
BUY ENTRY ⬆️ - Aggressive entry: the key fibonacci retracement zone . - Conservative entry: breakout above the descending trendline resistance.
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