InkyGrip

ETHUSDT is testing the 0.5 Fibonacci level

KUCOIN:ETHUSDT   Ethereum / Tether

The price is testing the 0.5 Fibonacci level as new resistance after the market printed the double bottom on 1000 area.
How to approach it?
IF the price is going to lose the support and retest it as new resitance, 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.
⚫️ black structure -> <= 1h structure.
–––––
Follow the Shrimp 🦐
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.