ETHUSDT wants new liquidity for the reversal?
Updated
the price got a rejection from the 0.618 Fibonacci and dynamic resistance after a dump from the monthly support form 1700$.
The market bounced from 886$ where we can find a demand zone and 1.271 Fibonacci Extension.
How to approach it?
The price could grab new liquidity from the demand zone on 920$ and create a local reversal trade, so 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 market bounced from 886$ where we can find a demand zone and 1.271 Fibonacci Extension.
How to approach it?
The price could grab new liquidity from the demand zone on 920$ and create a local reversal trade, 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.
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Follow the Shrimp 🦐
Note
more down if the price is going to lose the support
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