đ $NIL is showing a potential technical setup!
The weekly chart illustrates a strong recovery attempt after breaking through a long-term descending trendline with visible Fibonacci extension targets.
đ The Technical Setup:
âą The Pattern: Descending trendline breakout with Fibonacci extension levels
âą Short-term Target: 0.13376 (Fib 1.618)
âą Macro Objective: 0.30617 (Fib 4.236)
âą Market Structure: Potential trend reversal / breakout
đŻ Key Levels to Watch:
âą Support / Accumulation Zone: 0.06900 - 0.07897
âą Resistance: 0.13376
âą Breakout Level: 0.09306
âą Stop Loss / Invalidation: 0.06013
đ Confirmation:
âą Volume: Neutral/standard volume
âą Momentum: Bullish impulse testing key resistance boundaries
âą Trend: Attempting to break macro descending trendline
â ïž Invalidation:
A decisive weekly close below 0.06013 would invalidate the current breakout setup.
Price is testing critical resistance zones after breaking an initial descending trendline; watch for confirmation before entering.
đ Creator: NOUMAN_DON (@NOUMAN_DON)
#NIL #crypto #BinanceSquare #Binance #BTC
The weekly chart illustrates a strong recovery attempt after breaking through a long-term descending trendline with visible Fibonacci extension targets.
đ The Technical Setup:
âą The Pattern: Descending trendline breakout with Fibonacci extension levels
âą Short-term Target: 0.13376 (Fib 1.618)
âą Macro Objective: 0.30617 (Fib 4.236)
âą Market Structure: Potential trend reversal / breakout
đŻ Key Levels to Watch:
âą Support / Accumulation Zone: 0.06900 - 0.07897
âą Resistance: 0.13376
âą Breakout Level: 0.09306
âą Stop Loss / Invalidation: 0.06013
đ Confirmation:
âą Volume: Neutral/standard volume
âą Momentum: Bullish impulse testing key resistance boundaries
âą Trend: Attempting to break macro descending trendline
â ïž Invalidation:
A decisive weekly close below 0.06013 would invalidate the current breakout setup.
Price is testing critical resistance zones after breaking an initial descending trendline; watch for confirmation before entering.
đ Creator: NOUMAN_DON (@NOUMAN_DON)
#NIL #crypto #BinanceSquare #Binance #BTC