BTCUSDT wants to retest the 0.5 Fibonacci level
Updated
The price is testing the 0.618 Fibonacci level on the monthly support (29k)
On the daily timeframe the price is testing the 0.382 Fibonacci level as resistance.
on 4h timeframe the price is creating a symmetrical triangle.
How to approach it?
IF the price is going to have a breakout from the 32k and retest it as new resistance, According to Plancton's strategy, we can set a nice order
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Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
Comment
The price needs to create a new bullish impulse to retest the 0.5 Fibonacci LevelComment
If the price is going to have a breakout from the 4h resistance we could see a new retest of 31kRelated publications
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