ETHUSDT is testing the daily support on 0.618 Fibonacci level

10 thg 3, 2022

The price got a rejection from the dynamic resistance on the daily timeframe around 2800$
On the lower timeframe (4H) the price is testing the 0.618 Fibonacci level on 2445$ it's a key level.

the price created a lower High exactly on 4h resistance on 2750$.

How to approach?
We could see a bounce from that area, the price could get the liquidity for a new bearish impulse. IF the price is going to have a breakout from the support 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 🦐

11 thg 3, 2022

Ghi chú

The price is testing the daily support right now as I told you 👀

11 thg 3, 2022

Ghi chú

The price is testing the daily support and the 0.618 Fibonacci level.
If the price is going to have a clear breakout and satisfy our rules, we could open a new short position. The support is 2350.

Don't miss it 🦐