EGLDUSDT wants the supply zoneThe price is testing the 0.5 Fibonacci level as new support after a rejection from the supply zone on 58$.
As you can see on the chart, the liquidity is on the 4h resistance
How to approach?
The price could get new liquidity from the resistance and create a new bearish impulse until the previous demand zone around 44$ where the market has the daily support. 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 🦐
