LITBTC is creating a double bottom? The price tested the 0.618 Fibonacci level on the daily timeframe as the resistance, and now the price is between two daily structures.
TWO SCENARIOS
- IF the price doesn't confirm the double bottom we could see another bearish impulse otherwise,
- IF the price will have a breakout from the daily trendline and turn the daily resistance into new support, we could see an inversion, 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.