The price had a nice breakout from the descending channel where the market created a descending channel above the weekly support on 8.7$ area.
Now the price is testing the resistance on 9.6$ area, it's a key level
How to approach it?
The price could create a retracement until 0.5 0.618 Fibonacci level, so According to Plancton's strategy, we can set a nice order
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Keep in mind.
Follow the Shrimp 🦐
Now the price is testing the resistance on 9.6$ area, it's a key level
How to approach it?
The price could create a retracement until 0.5 0.618 Fibonacci level, 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 🦐
