plancton0618

IOTXUSDT wants the 0.618 Fib?

BINANCE:IOTXUSDT   IoTeX / TetherUS
The price is creating a descending channel below the 0.382 Fibonacci level at 0.034$ area.
The price bounced exactly on the lower trendline of the ascending channel and now the market is testing a confluence zone.

How to approach it?
IF the price is going to have a breakout from the descending channel and 4h resistance and retest the resistance as new support, 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.
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Follow the Shrimp 🦐

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