KNCUSDT wants the 0.618 Fibonacci level

The price created a W pattern on the 4h support on 1.3$ and now the price is testing the 4h resistance on 1.430$ below the daily resistance on 1.5$
Usually the market wants to retest the W neckline and in this case, the neckline is on 0.618 Fibonacci level.

How to approach it?
IF the price is going to lose the current support and retest as new resistance, 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 🦐

Comment:

The price followed my arrow. 8% so far

Comment:

11% so far