🚀 $US is showing a potential technical setup!

The weekly chart for US/USDT displays a strong impulsive recovery off the 0.5 Fibonacci support level at 0.01494, following a sharp correction from previous highs.

📈 The Technical Setup:
• The Pattern: Fibonacci Extension Impulse & Rebound from 0.5 Support
• Short-term Target: 0.04241
• Macro Objective: 0.06697
• Market Structure: Impulsive recovery following a deep retracement

🎯 Key Levels to Watch:
• Support / Accumulation Zone: 0.01494 - 0.01784
• Resistance: 0.04241
• Breakout Level: 0.03000
• Stop Loss / Invalidation: 0.01494

📊 Confirmation:
• Volume: Standard weekly volume structure showing expansion on the recent green candle
• Momentum: Strong bullish reaction off the 0.5 Fibonacci retracement level
• Trend: Higher timeframe impulse wave attempting continuation

⚠️ Invalidation:
A weekly candle close below the 0.5 Fibonacci level at 0.01494 invalidates the bullish continuation setup.

Patience is advised to see if price can sustain momentum and break above local resistance zones.

💎 Creator: NOUMAN_DON (@NOUMAN_DON)

#US #crypto #BinanceSquare #Binance #altcoins