BIFIBUSD (BEEFY FINANCE) – POTENTIAL BUY ENTRY

BIFIBUSD (BEEFY FINANCE) – POTENTIAL BUY ENTRY

BIFI / BUSD BINANCE:BIFIBUSD


ANALYSIS πŸ”Ž
– BIFIBUSD is testing the ATL ( all-time low) support.
– Price action is printing the double bottom ( DB ) trend reversal pattern.
– The double bottom pattern is a bullish reversal pattern.
– The downtrend is resisted by the descending trendline resistance ( DTR ).
– There’s a breakout potential.

BUY ENTRY ⬆️
– Breakout above the descending trendline resistance and the double bottom neckline resistance (R1).

TARGET 🎯
– Horizontal resistance level (R2).

SETUP INVALIDATION ❌
– Breakdown below the double bottom horizontal support level (S1).

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