BTCUSDT Pullback at 0.382 Fibonacci level?
Updated
The price had a breakout from the rising wedge from the 25k area and after the retest as new resistance the price had a bearish impulse until the 21200$ area there the price has a 4h support. Now the price could create a pullback until 22k
How to approach it?
In SHORT TERM, IF the price is going to have a breakout from the 21500 4h resistance and retest it as new support, we could see a pullback until the 0.382 Fibonacci level, so According to Plancton's strategy, we can set a nice order
–––––
Keep in mind.
–––––
Follow the Shrimp 🦐
How to approach it?
In SHORT TERM, IF the price is going to have a breakout from the 21500 4h resistance and retest it as new support, we could see a pullback until the 0.382 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.
–––––
Follow the Shrimp 🦐
Note
the price had a breakout and now is testing the resistance as I told you in my analysis.
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.