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OCEANUSDT BREAKOUT OR FAKEOUT?

Long
BINANCE:OCEANUSDT   OCEAN / TetherUS
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Hello Traders, This is a Screenshot of my Analysis on this Pair, Price is Bullish on the Monthly Timeframe , however on the Daily Timeframe , we have a Break of Structure to the Upside and Price is currently giving a retest of Structure.

Price is currently sitting at a previous level of Supply which should now turn into DEMAND.

ALSO,

We have a retracement to our 0.5 FIB Level taken on the Recent Daily Impulse.

I will be monitoring Price Action at this Level for a strong Rejection on the Daily before taking further entries on the Lower Timeframes.

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