The market is testing a key level on the monthly support exactly on the 0.618 Fibonacci level.
The market has a huge demand zone between 1300$ and 420$, where the previous bullish impulse started.
On the 4h timeframe the price could create a new pullback until 2200.
How approach on it?
IF the price is going to have a breakout from the 4h resistance and retest as new support, According to Plancton's strategy, we can set a nice order
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Keep in mind.
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Follow the Shrimp 🦐
The market has a huge demand zone between 1300$ and 420$, where the previous bullish impulse started.
On the 4h timeframe the price could create a new pullback until 2200.
How approach on it?
IF the price is going to have a breakout from the 4h resistance and retest as new support, According to Plancton's strategy, we can set a nice order
–––––
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
Note
a tiny bounce form the support, the price need to flip the 2100$ a I told you
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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.