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Binance Coin / TetherUS
Short

BNBUSDT wants the new liquidity

By InkyGrip
Updated
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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
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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 🦐
Note
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
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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.

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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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Note
30%
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The price is melting until the next monthly Fibonacci level.
37% so far, congrats Planctoners!
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Chart PatternsHarmonic PatternsliquidityliquiditygrabliquiditypoolliquiditytraderTrend Analysis
InkyGrip

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