ANALYSIS 🔎 - OXEN/USDT brokeout above the inverse head and shoulders neckline resistance, hit a swing high and retraced. - Price is retesting the key fibonacci retracement zone (0.618 - 0.7 - 0.786) and the inverse head and shoulders neckline resistance turned support. - There's a relatively high concentration of buyers at this zone (high buying pressure). - The retracement is resisted by the descending trendline resistance. - We could be at the verge of an uptrend continuation.
BUY ENTRY ⬆️ - Aggressive entry: current market price. - Conservative entry: breakout above the descending trendline resistance.
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