BTCUSDT had a huge SHORT SQUEEZE on Binance Futures. and now the price is testing the weekly resistance. IF the price will have a breakout from it, we can look for a long position.
Usually, after a huge "artificial" pump, we could see a Bart Simpson pattern, and the price could retest the previous resistance as new support.
According to Plancton's strategy(check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
Usually, after a huge "artificial" pump, we could see a Bart Simpson pattern, and the price could retest the previous resistance as new support.
According to Plancton's strategy(check our Academy), we can set a nice order
–––––
Follow the Shrimp 🦐
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
- ⚫️ Black structure -> <4h structure.
Comment:
the price got a rejection
Comment:
the price could retest the 0.5 Fibonacci level before 35k
