🔅STGUSDT maintains its bullish stride, breaking key supply areas post its downtrend line breach. The former supply zones have now transitioned into robust demand zones, consistently validated by recent price action.
🔅Additionally, the pattern of higher highs and higher lows persists, affirming the credibility of the ongoing uptrend. The latest retracement saw a solid rebound off the basic upward trendline, further reinforcing the potential for an upward continuation.
🔅Anticipating a sustained upward trajectory, the target aligns with the upper boundary of the descending channel, coinciding with the 241.4% Fibonacci resistance.
🔅Additionally, the pattern of higher highs and higher lows persists, affirming the credibility of the ongoing uptrend. The latest retracement saw a solid rebound off the basic upward trendline, further reinforcing the potential for an upward continuation.
🔅Anticipating a sustained upward trajectory, the target aligns with the upper boundary of the descending channel, coinciding with the 241.4% Fibonacci resistance.
Trade closed: target reached
Time to take profit
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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.