🚀 $LINEA is showing a potential technical setup!
The weekly chart displays a strong recovery bounce forming off the 0 level support zone following a prolonged corrective phase.
📈 The Technical Setup:
• The Pattern: Range accumulation and bounce from Fibonacci level 0
• Short-term Target: 0.003110
• Macro Objective: 0.003759
• Market Structure: reversal
🎯 Key Levels to Watch:
• Support / Accumulation Zone: 0.002060 - 0.002213
• Resistance: 0.003110
• Breakout Level: 0.002944
• Stop Loss / Invalidation: 0.002060
📊 Confirmation:
• Volume: Neutral/standard volume
• Momentum: Bullish recovery candles forming off the base
• Trend: Attempting a macro trend reversal following a prolonged downtrend
⚠️ Invalidation:
A weekly candle close below the 0 level at 0.002060 invalidates the current recovery setup.
Price is attempting a recovery bounce after finding a floor near the macro range lows.
💎 Creator: NOUMAN_DON (@NOUMAN_DON)
#Linea #crypto #BinanceSquare #Binance #TechnicalAnalysis
The weekly chart displays a strong recovery bounce forming off the 0 level support zone following a prolonged corrective phase.
📈 The Technical Setup:
• The Pattern: Range accumulation and bounce from Fibonacci level 0
• Short-term Target: 0.003110
• Macro Objective: 0.003759
• Market Structure: reversal
🎯 Key Levels to Watch:
• Support / Accumulation Zone: 0.002060 - 0.002213
• Resistance: 0.003110
• Breakout Level: 0.002944
• Stop Loss / Invalidation: 0.002060
📊 Confirmation:
• Volume: Neutral/standard volume
• Momentum: Bullish recovery candles forming off the base
• Trend: Attempting a macro trend reversal following a prolonged downtrend
⚠️ Invalidation:
A weekly candle close below the 0 level at 0.002060 invalidates the current recovery setup.
Price is attempting a recovery bounce after finding a floor near the macro range lows.
💎 Creator: NOUMAN_DON (@NOUMAN_DON)
#Linea #crypto #BinanceSquare #Binance #TechnicalAnalysis
