LRCUSDT (LOOPRING) - UPTREND CONTINUATION

ANALYSIS 🔎
- LRCUSDT brokeout above the symmetrical triangle(1) inclined resistance.
- LRCUSDT hit a new ATH and retraced.
- Price retested the flip horizontal support and 0.618 fibonacci retracement level.
- A bullish pin bar (hammer) was formed at the retest area.
- Price action is printing a symmetrical triangle(2) pattern.
- Breakout above symmetrical triangle(2) inclined resistance could be an uptrend continuation signal.

BUY ENTRY ⬆️
- Breakout above the symmetrical triangle(2) inclined resistance.

TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Fibonacci extension level 1.0.

SETUP INVALIDATION ❌
- Breakdown below the symmetrical triangle(2) inclined support.