PERL/BTC (Pullback to .618 Fib Support?)

PERL/BTC

-The top has been set of Perlin at 758 sat High
-Today, the price continues it downfall
-The best area of interest is around 404 sat range
-Which a confluence of previous support and resistance
-Plus the golden Fib .618 level of support
-The chances of a bounce reaction in this region are high
-Provided there are bullish rejections before entering a position
-If a short term relief rally will occur, the target is up to 550 sat or higher