The price had a breakout from the ascending channel after the market got a rejection from the 0.618 Fibonacci level on the daily timeframe.
Now the price is trying to create a new Lower high above the weekly support
How to approach?
We are monitoring the price and I'd like to see a clear breakout from the daily resistance at 20200$ area and retest as new support.
IF the price is going to flip it, According to Plancton's strategy, we can set a nice order
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Keep in mind.
Follow the Shrimp 🦐
Now the price is trying to create a new Lower high above the weekly support
How to approach?
We are monitoring the price and I'd like to see a clear breakout from the daily resistance at 20200$ area and retest as new support.
IF the price is going to flip it, 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 🦐
