The price is testing the 0.618 Fibonacci level on the monthly Timeframe. As you can see this area is a key area for the market. On the weekly timeframe the price is losing the support where the price bounced several times. On 4h Timeframe the price is trying to have a breakout from the supply zone.
How to approach? IF the price is going to lose the 4h support, 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 🦐
Catatan
The price is testing the weekly resistance. If the price is going to have a breakdown, we can apply our rules for a short Position
Don't miss it
Catatan
The price is getting the liquidity from the weekly resistance. IF the price is going to create a new Lower low, we could see a new bearish impulse.
Catatan
We are running in profit on BNBUSDT The price lost the status support after a false breakout from the bear flag. wait for the next target
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30%
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The price is melting until the next monthly Fibonacci level. 37% so far, congrats Planctoners!
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