The price is creating a descending channel on the daily timeframe and after a retest of the demand zone, the price bounced to 100$.
On the lower timeframe, we can see a breakout from the 4h and 1d channel and the price is testing an important resistance on 103$ on the 0.618 Fibonacci level.
How to approach?
We are monitoring the price we want to see a clear breakout from the 0.618 Fibonacci retracement and daily resistance. If the price is going to have a breakout, According to Plancton's strategy, we can set a nice order
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Keep in mind.
Follow the Shrimp 🦐
On the lower timeframe, we can see a breakout from the 4h and 1d channel and the price is testing an important resistance on 103$ on the 0.618 Fibonacci level.
How to approach?
We are monitoring the price we want to see a clear breakout from the 0.618 Fibonacci retracement and daily resistance. If the price is going to have a breakout, 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 🦐
