The price is creating a double top on the weekly resistance at 64$ and the market got a rejection from it. Athe the moment the price is trying to hold the 0.618 Fibonacci level as support.
How to approach it?
IF the price is going to lose the local support, According to Plancton's strategy, we can set a nice order
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Keep in mind.
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Follow the Shrimp 🦐
How to approach it?
IF the price is going to lose the local 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.
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Follow the Shrimp 🦐
Note
the price had a breakout as I told you in my idea. if the price is going to confirm the breakout we could see a new bearish impulse
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.