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 ––––– Keep in mind.
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