🚀
$AZTEC is showing a potential technical setup!
The asset has completed a rounding bottom recovery on the weekly timeframe and is now trending upward after breaking through critical resistance.
📈 The Technical Setup:
• The Pattern: Rounding Bottom / U-Shape Recovery
• Short-term Target: 0.02231
• Macro Objective: 0.03069
• Market Structure: Bullish reversal from accumulation zone
🎯 Key Levels to Watch:
• Support / Accumulation Zone: 0.01553
• Resistance: 0.02231
• Breakout Level: 0.01812
• Stop Loss / Invalidation: 0.01553
📊 Confirmation:
• Volume: Standard/Rising bullish candles
• Momentum: Strong upward momentum confirmed by recent breakout
• Trend: Bullish reversal trend
⚠️ Invalidation:
A weekly close below the 0.01553 support level would invalidate the current bullish outlook.
The asset has successfully broken out of a base structure and is targeting higher Fibonacci extension levels.
💎 Creator: NOUMAN_DON (@NOUMAN_DON)
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