Updated
COCOSUSDT is testing the 0.618 Fibonacci level
COCOSUSDT is testing the 0.618 Fibonacci level after breaking out from the weekly support at the 1.78$ area.
The price is attempting to create a new higher low on the Fibonacci level, which could suggest a potential trend reversal. However, it's important to note that Fibonacci levels are not always reliable indicators and should be used in conjunction with other technical analysis tools.
IF the price is going to have a breakout, 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 🦐
The price is attempting to create a new higher low on the Fibonacci level, which could suggest a potential trend reversal. However, it's important to note that Fibonacci levels are not always reliable indicators and should be used in conjunction with other technical analysis tools.
IF the price is going to have a breakout, 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.
- ⚫️ black structure -> <= 1h structure.
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Follow the Shrimp 🦐
Note
the price is testing the weekly resistance. Wait for the breakoutNote
Still waiting for the breakout
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