POWRUSDT is testing the 0.618 Fibonacci Level

The price is testing the 0.618 Fibonacci level between two main daily structures.
As you can see the market got a rejection from the dynamic resistance and it's trying to have a breakout.

How to approach?
We are waiting to see a clear breakout of 0.58$ level with volume, According to Plancton's strategy, we can set a nice order
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Keep in mind.

• 🟣 Purple structure -> Monthly structure.
  
• 🔴 Red structure -> Weekly structure.
  
• 🔵 Blue structure -> Daily structure.
  
• 🟡 Yellow structure -> 4h structure.
  

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Follow the Shrimp 🦐

تعليق:

the price is creating a descending channel, we are waiting for another bullish impulse!