The price is testing the daily support on the 1200$ area where the market created a support. the price is inside a descending channel and now the market is trying to create a breakout How to approach it? IF the price is going to create a breakout and grab new liquidity, we can expect a new bearish impulse below the daily support, so 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.
⚫️ black structure -> <= 1h structure.
––––– Follow the Shrimp 🦐
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The price bounced exactly on the supply zone as I told you in my previous idea.
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The price is following my arrow and now is testing the range below the 0.618 Fibonacci level. IF the price is going to lose the support we could see a new Daily retest as I said in my idea
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The price followed my arrow so far. a clear 5%
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The price followed my arrow, and the students made more than 7%
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