The price lost the 2900 support, where you can find the M's neckline.
The market retested the previous support as new resistance and got a new rejection.
the price is going to retest the previous resistance as new support, exactly on the 0.618 Fibonacci level.
How to approach?
We are waiting for the retest on 2600-2500, where the price could have a pullback.
IF the price is going to have a new breakdown of that area, According to Plancton's strategy, we can set a nice order
–––––
Keep in mind.
–––––
Follow the Shrimp 🦐
The market retested the previous support as new resistance and got a new rejection.
the price is going to retest the previous resistance as new support, exactly on the 0.618 Fibonacci level.
How to approach?
We are waiting for the retest on 2600-2500, where the price could have a pullback.
IF the price is going to have a new breakdown of that area, 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
the price bounced on 0.618 Fibonacci level and now it's testing the dynamic daily resistance.We are waiting for a clear breakout of the support. The next valid support is 2400$
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.
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.