BARSTrading

TKO Resistance line + Bearish rejection

BINANCE:TKOUSDT   TKO / TetherUS
TKO is coming now to cross its local resistance line, which is expecting a short term up swing. For a quicker time analysis check the 1 Hr chart posted.
This chart is for the longer time frame up to Nov 15.

There is a bearish flip to bullish zone between 2.0 - 2.13
Similar pattern has been posted multiple times before on TKO, and this is a good long term hold.

BUY 1: 2.13
BUY 2: 2.00

TP 1: 2.37/2.4 --- > Supported by the 1hr chart 200MA crossover that's about to happen within this week (check linked chart)
TP 2: 2.67
TP3: 3.44

We need to close one daily candle above 2.4 for a push to 2.67
And after 2.67 we need to consistently close all candles above 2.67 for the push to 3.4 zone, aka TP 3.

Stop: 1.95 / 2.00

1 hr chart posted below.
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