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  1. Home
  2. Trading
  3. ASTERUSDT — Descending Trendline Breakout | Long Setup

ASTERUSDT — Descending Trendline Breakout | Long Setup

Scheduled Pinned Locked Moved Trading
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  • chainsniffC Offline
    chainsniffC Offline
    chainsniff
    wrote last edited by
    #1

    6b1aad8a-d549-47d3-a2f1-5feb02202357-image.png
    Price has successfully broken above the descending trendline and is now holding above a key horizontal support, which has flipped into support. This breakout confirms a bullish structure shift.

    The marked zone acts as a valid entry area, while the setup remains invalid below 0.6051, which is the clear risk level. As long as price stays above this level, bullish continuation is expected.

    The projected move shows a step-by-step bullish push, targeting the 0.6550 liquidity zone, where previous highs are located.

    Bias: Bullish
    Invalidation: Below 0.6051
    Target: 0.6550

    1 Reply Last reply
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    • etfsE Offline
      etfsE Offline
      etfs
      wrote last edited by
      #2

      curious if anyone is stacking this with leverage or just spot longs. volatility on shib can make tp tricky.

      1 Reply Last reply
      0


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