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InkyGrip

SXPUSDT wants the 0.886 Fibonacci level

Short
SXP / TetherUS (BINANCE:SXPUSDT)  
InkyGrip Updated   
BINANCE:SXPUSDT   SXP / TetherUS
Trend Analysis Harmonic Patterns Chart Patterns Fibonacci Retracement Fibonacci Extension fibonaccianalysis Fibonacci Confluence
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trendanalysis harmonicpatterns chartpattern fibonacciretracement fibonacciextension fibonaccianalysis fibonacciconfluence
The price got a rejection from the 4h resistance at 0.44$, the the price had the dynamic daily resistance as well.

Now the price is testing the previous resistance as new support above the 0.786 Fibonacci level.

How to approach it?
IF the price is going to lose the support and retest it as new resistance, we could see a bearish impulse until 0.886 Fibonacci level, so 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:
Waiting for the breakout
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Comment:
Still valid, wait for the breakout
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Comment:
Wait for the breakout
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