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ATOMUSDT is going to retest the previous support

已更新

The price got a rejection from the 0.382 Fibonacci level around 32$ as you can see on the upper chart (daily timeframe) and the market created a Higher low below the daily resistance as well.

On the 4h Timeframe, the price got a rejection from the dynamic resistance and the selling pressure is pushing the price on the previous 4h support around 25$.
We could see a retest of the dynamic daily support around 24-25$ where the price needs to find the liquidity for a bounce.

How to Approach?
We are monitoring the price action and we do expect a bounce from the major support. the market is going to retrace around 0.886 Fibonacci level, it's a key level. When the price will retest the 4h support, we will add in our watchlist and we will wait to apply our rules
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Follow the Shrimp 🦐

Keep in mind.

🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.

註釋

The sellers are pushing the price on our 4h support around 25$.
We are monitoring the price action at the moment

註釋

The price is following my drawing. We could see another bearish impulse until the previous daily support around 25-24$.

Don't miss it.

註釋

We made more than 15% after my call and now the price is testing the daily support.
The market could shift from bearish to bullish if the price is going to have a breakout from 26$.
Otherwise, if the price is going to lose the support (23$) we could see another bearish impulse.

Congrats to everyone!

註釋

The price is following my drawing! after the breakout from the 4h support and retested the daily support on 24$ the price is trying to have a breakout.

15% during the dump and now we are waiting for the breakout of 28$

Congrats to everybody