ENSUSDT a new bearish impulse?
Updated
According to Plancton's strategy, if ENSUSDT experiences a pullback around the $9.5 price level and shows signs of potential bearish momentum, a suitable trading order can be set to take advantage of the anticipated bearish impulse.
Setting a short order could be a viable approach in this scenario. A short order involves selling the asset with the expectation that its price will decline. By initiating a short position, traders seek to profit from the downward movement in the price of ENSUSDT.
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Follow the Shrimp 🦐
Keep in mind.
Setting a short order could be a viable approach in this scenario. A short order involves selling the asset with the expectation that its price will decline. By initiating a short position, traders seek to profit from the downward movement in the price of ENSUSDT.
–––––
Follow the Shrimp 🦐
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
- ⚫️ Black structure -> <= 1h structure.
Note
The price is testing the 0.5 Fibonacci as I told you
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