The price got rejections from the dynamic resistance on the daily timeframe, and rejection from the weekly resistance on 21$ On the lower timeframe, the price is testing the 0.786 Fibonacci level after a false breakout on 20$ where you can find an M pattern.
How to approach? We are monitoring the price, the bullish scenario is above 19$ with confirmation. in a short period, if the price is going to lose the 4h support with confirmation, we could see another bearish impulse until 14$. 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 🦐
Ghi chú
The price is testing the 0.786 Fibonacci level on the dynamic support. We are waiting for the breakout and retest the support as new resistance to applying our rules. A breakout is not enough.
Ghi chú
the price is following my drawing and my strategies. More profits if the price is going to lose the support. a clear 5% so far 😎
Ghi chú
5% since my free call and now the price is testing the support as new resistance as I told you 😎
Ghi chú
The price is testing the support, bearish if the price is going to lose it and if satisfies our rules Don't miss it 👀
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