The price is testing the daily support above the local demand zone on 1400$. The market had a rejection from the weekly resistance inside a rising wedge on the 1700$ where we were waiting for a possible breakout to the upside.
How to approach it? The price needs to grab new liquidity from the demand zone and create a new bullish impulse above the 4h resistance and descending channel, so 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 🦐
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The price is testing the 0.382 Fibonacci level, exactly As I said in my idea. Now the price needs to close above 1500$
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Another Perfect Pullback until 0.5 Fib level. The next target could be 0.618 Fibonacci level
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a clear 12% since my idea. now the price is testing the 0.618 Fibonacci level As I said in my idea.