The price had a nice breakout from the static resistance on 0.14$ and got a rejection from 0.155$
now the price is testing the 0.618 Fibonacci level as new support.
How to approach it?
We could see a new bearish impulse until the 0.886 Fibonacci level where the market could get new liquidity for a bullish impulse, According to Plancton's strategy, we can set a nice order
–––––
Keep in mind.
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Follow the Shrimp 🦐
now the price is testing the 0.618 Fibonacci level as new support.
How to approach it?
We could see a new bearish impulse until the 0.886 Fibonacci level where the market could get new liquidity for a bullish impulse, 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 🦐
Note
12% after the breakdownNote
🎯 The patience is the key.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.