BTCUSDT is testing 0.5 Fibonacci level 🦐

BTCUSDT is testing 0.5 Fibonacci level (retracement) after a rejection from 0.382 resistance on weekly timeframe. Usually when the price creates a consolidation below the resistance we could see a a breakout upward. We need to wait for the breakout to consider the long position
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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.

Yorum:

The price is testing the daily support on 0.618 Fibonacci level