The price had a bounce from the monthly support on 0.65$ and created a breakout from the daily resistance on 1$
now the price is testing another important resistance on 1.140$.
How to approach?
The price could create a retracement on 0.5-0.618 Fibonacci level to get new liquidity and create a new bullish impulse, so if the price is going to have a breakout from the 1.2$ resistance, 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 🦐
now the price is testing another important resistance on 1.140$.
How to approach?
The price could create a retracement on 0.5-0.618 Fibonacci level to get new liquidity and create a new bullish impulse, so if the price is going to have a breakout from the 1.2$ resistance, According to Plancton's strategy, we can set a nice order
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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 🦐
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