ETHUSDT is going to retest the 0.886 Fibonacci Level

The price is going to retest the 1200$ after a bounce on 1k.
The price is creating a rounded movement below the resistance, and we could see a retest of 0.886 Fibonacci Level and a rejection. The scenario invalidated if the price is going to have a clear breakout from 1200-1300$.

How to approach it?
IF and only IF the price is going to have a rejection, 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 🦐