The price got a rejection from the 0.786 Fibonacci level after a bounce from the daily support at 190$.
The price is testing the 4h support on 210$
How to approach it?
IF the price is going to have a breakdown from the support and retest it as new resistance, According to Plancton's strategy, we can set a nice order
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Keep in mind.
Follow the Shrimp 🦐
The price is testing the 4h support on 210$
How to approach it?
IF the price is going to have a breakdown from the support and retest it as new resistance, According to Plancton's strategy, we can set a nice order
–––––
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
Follow the Shrimp 🦐
Comment:
The setup is still valid, wait for the downside movement
