the price is testing the 4h resistance on the 0.5 Fibonacci level after a bearish impulse from the monthly support at 8.84$
How to approach it?
The price needs to create a breakout from it and retest the current resistance as new support, 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 🦐
Yorum
Waiting for the breakout
Yorum
A clear breakout and retest as I told you. Now the price is testing the 0.786 Fibonacci level. More if the price is going to have another breakout from it.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.