The price is going to retest the 1200$ after a bounce on 1k.
The price is creating a rounded movement below the resistance, and we could see a retest of 0.886 Fibonacci Level and a rejection. The scenario invalidated if the price is going to have a clear breakout from 1200-1300$.
How to approach it?
IF and only IF the price is going to have a rejection, According to Plancton's strategy, we can set a nice order
–––––
Keep in mind.
Follow the Shrimp 🦐
The price is creating a rounded movement below the resistance, and we could see a retest of 0.886 Fibonacci Level and a rejection. The scenario invalidated if the price is going to have a clear breakout from 1200-1300$.
How to approach it?
IF and only IF the price is going to have a rejection, 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 🦐