The price list an important support on 86 (the monthly one) and after the retest the price melted until the 60$.
The market wants to retest the 1.272 Fibonacci ext above the monthly support on 53$ where the price could get new liquidity in order to try the reverse trade.
How to approach it?
IF the price is going to lose the support, According to Plancton's strategy, we can set a nice order
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Keep in mind.
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Follow the Shrimp 🦐
The market wants to retest the 1.272 Fibonacci ext above the monthly support on 53$ where the price could get new liquidity in order to try the reverse trade.
How to approach it?
IF the price is going to lose the 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 🦐
Note
I'm still waiting for the bearish impulse until the monthly supportNote
The price is going to retest the monthly support.
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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.