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$PLUME : Bullish Consolidation in Progress. Heading for the Breakout?
After an outstanding performance in the last 7 days (+4.95%), #PLUME is drawing a continuation technical pattern that we cannot ignore. Here are the details:
🔍 Analysis Confluences:
Strength Structure: The asset maintains higher lows on the 4h chart, respecting the $0.0120 zone as institutional support.
Healthy RSI: With a value of 55.71, the indicator has exited overbought territory without the price falling, suggesting professional accumulation.
Fibonacci Zone: We are consolidating at higher levels (0.382), indicating that investors do not want to let the price fall to lower levels.
📑 My Trading Strategy:
📍 Entry Point: $0.01245 - $0.01255 USDT
🎯 Take Profit 1: $0.01300 (Recent high and psychological resistance)
🎯 Take Profit 2: $0.01420 (Fibonacci extension)
🛡️ Stop Loss: $0.01180 (Below the structural support of 4h)
⚖️ Risk/Reward: 1:2.8. Operation based on the continuation of the main trend.
⚠️ Note: The Infrastructure sector is showing resilience. Keep an eye on the volume: a breakout above $0.0128 with a spike in green volume would be the definitive confirmation for TP2.
#PLUME #Infrastructure #CryptoTrading
#TechnicalAnal ysis #Fibonacci #BinanceSquare
#Altcoins