WAVESUSDT is testing the 1.518 Fibonacci level

The price created a double bottom on the daily support on 8.26$ and got a lot of liquidity

Mow the price is testing the 1.618 Fibonacci level, so we could see a retracement until the previous ATH as new support

How to approach?
We are waiting for the retracement until the previous ATH as new support, and We analyze again for a new long position if the price is going to satisfy our rules

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Keep in mind.

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

Comment:

The price starts with the retracement. The valid support is 42$ so far

Comment:

the price lost the support and it's melting
32% so far

Comment:

The price needs to hold the 4h support or We could see a retest of the monthly support on 21$

Comment:

38% so far.
The Next valid support is 21$.

Comment:

We made more than 43% since my call.
If the price is going to lose the 28$ support and the market is going to satisfy our rules, we could see a bearish impulse until the 21$

Comment:

53% so far

Trade closed: target reached:

76%