ETHUSDT needs to create a clear breakout!
Updated
The price is testing the daily support on the 1200$ area where the market created a support.
the price is inside a descending channel and now the market is trying to create a breakout
How to approach it?
IF the price is going to create a breakout and grab new liquidity, we can expect a new bearish impulse below the daily support, 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 price is inside a descending channel and now the market is trying to create a breakout
How to approach it?
IF the price is going to create a breakout and grab new liquidity, we can expect a new bearish impulse below the daily support, 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.
- ⚫️ black structure -> <= 1h structure.
–––––
Follow the Shrimp 🦐
Comment
The price bounced exactly on the supply zone as I told you in my previous idea.Comment
The price is following my arrow and now is testing the range below the 0.618 Fibonacci level.IF the price is going to lose the support we could see a new Daily retest as I said in my idea
Comment
The price followed my arrow so far.a clear 5%
Comment
The price followed my arrow, and the students made more than 7%Disclaimer
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