The price created a double top at 97$ on ATH, and after the rejection, the price is testing the 0.382 Fibonacci level. On the 4h timeframe, the price had a breakout from the bullflag and now the market is going to test the 0.618 Fibonacci resistance
How to approach? The price needs to create a new breakout with confirmations and a new Higher high. In that case we could apply our rules for a new long position ––––– Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Still wait for the breakout
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8% so far so good.
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the price is following my arrow.
MTB and CPS here, and 12% so far congrats students!