InkyGrip

ETHUSDT needs to create a clear breakout!

InkyGrip Updated   
BINANCE:ETHUSDT   Ethereum / TetherUS
The price is testing the daily support on the 1200$ area where the market created a support.
the price is inside a descending channel and now the market is trying to create a breakout
How to approach it?
IF the price is going to create a breakout and grab new liquidity, we can expect a new bearish impulse below the daily support, so According to Plancton's strategy, we can set a nice order
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Keep in mind.
  • 🟣 Purple structure -> Monthly structure.
  • 🔴 Red structure -> Weekly structure.
  • 🔵 Blue structure -> Daily structure.
  • 🟡 Yellow structure -> 4h structure.
  • ⚫️ black structure -> <= 1h structure.
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Follow the Shrimp 🦐
Comment:
The price bounced exactly on the supply zone as I told you in my previous idea.
Comment:
The price is following my arrow and now is testing the range below the 0.618 Fibonacci level.
IF the price is going to lose the support we could see a new Daily retest as I said in my idea
Comment:
The price followed my arrow so far.
a clear 5%
Comment:
The price followed my arrow, and the students made more than 7%
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