After a very nice bull run, the price is testing 0.5 Fibonacci Level. IF the price will have a breakout from descending channel, According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
I completely agree with your great analysis. We are indeed retesting the 0.5 Level according to the Fibonacci channel I drew. We are in a falling wedge IMO but I do expect a breakout following the 0.5 Level trendline.
Thank you for sharing your ideas! Greatly appreciated!
InkyGrip
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@ArneVda thanks a lot my friend, appreciate your vision
Thank you for sharing your ideas! Greatly appreciated!