đ $SOON is showing a potential technical setup!
The weekly chart displays a sharp bullish impulse candle breaking through the 1.618 Fibonacci level at 0.5093 after an extended consolidation period.
đ The Technical Setup:
âą The Pattern: Fibonacci Extension / Breakout Continuation
âą Short-term Target: 0.7104
âą Macro Objective: 1.1126
âą Market Structure: reversal
đŻ Key Levels to Watch:
âą Support / Accumulation Zone: 0.3850 - 0.4200
âą Resistance: 0.7104
âą Breakout Level: 0.5093
âą Stop Loss / Invalidation: 0.3850
đ Confirmation:
âą Volume: Neutral/standard volume on visible chart
âą Momentum: Strong bullish weekly impulse candle breaking above key fib level
âą Trend: Potential macro trend reversal following consolidation phase
â ïž Invalidation:
A decisive weekly close back below the 0.3850 support level would invalidate the current breakout setup.
Monitor price action closely around current levels for potential continuation towards higher Fibonacci targets.
đ Creator: NOUMAN_DON (@NOUMAN_DON)
#Soon #crypto #BinanceSquare #Binance #BTC
The weekly chart displays a sharp bullish impulse candle breaking through the 1.618 Fibonacci level at 0.5093 after an extended consolidation period.
đ The Technical Setup:
âą The Pattern: Fibonacci Extension / Breakout Continuation
âą Short-term Target: 0.7104
âą Macro Objective: 1.1126
âą Market Structure: reversal
đŻ Key Levels to Watch:
âą Support / Accumulation Zone: 0.3850 - 0.4200
âą Resistance: 0.7104
âą Breakout Level: 0.5093
âą Stop Loss / Invalidation: 0.3850
đ Confirmation:
âą Volume: Neutral/standard volume on visible chart
âą Momentum: Strong bullish weekly impulse candle breaking above key fib level
âą Trend: Potential macro trend reversal following consolidation phase
â ïž Invalidation:
A decisive weekly close back below the 0.3850 support level would invalidate the current breakout setup.
Monitor price action closely around current levels for potential continuation towards higher Fibonacci targets.
đ Creator: NOUMAN_DON (@NOUMAN_DON)
#Soon #crypto #BinanceSquare #Binance #BTC
