SAND had a huge breakout as I mentioned in my previous idea (www.tradingview.com/...T-new-breakout-soon/) where the price printed a clear 66% after breakout and after satisfying our Plancton's Rules.
Not the price is over extended and it's testing the 1.618 Fibonacci level exactly on the supply zone.
We can see how the price formed a clear falling wedge exactly on the weekly support on 0.38$ area and after the false breakout, the market started with the bullish movement.
What's next?
The price could have a retracement until the 0.618 Fibonacci level (the 0.6$ area) if the price is going to lose the current support (0.7$) area, so According to Plancton's strategy, we can set a nice order
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Keep in mind.
Follow the Shrimp 🦐
Not the price is over extended and it's testing the 1.618 Fibonacci level exactly on the supply zone.
We can see how the price formed a clear falling wedge exactly on the weekly support on 0.38$ area and after the false breakout, the market started with the bullish movement.
What's next?
The price could have a retracement until the 0.618 Fibonacci level (the 0.6$ area) if the price is going to lose the current support (0.7$) area, so 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.
- ⚫️ black structure -> <= 1h structure.
Follow the Shrimp 🦐
Bình luận:
The price is testing the support as I mentioned. More down if the price is going to lose it
