ETHUSDT is testing the resistance. ready for the breakout?
Updated
The price got liquidity from the monthly support as I told you in my previous video.
the monthly is an important key level on 1700$.
Now the price is testing the 1925$ resistance where the price bounced several times it means that this level is so important for the market.
How to approach it?
The price needs to have a new breakout from the level, thus, the price could retest the previous resistance as new support on 0.618 Fibonacci level, in order to get new liquidity for the next bullish impulse. 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 monthly is an important key level on 1700$.
Now the price is testing the 1925$ resistance where the price bounced several times it means that this level is so important for the market.
How to approach it?
The price needs to have a new breakout from the level, thus, the price could retest the previous resistance as new support on 0.618 Fibonacci level, in order to get new liquidity for the next bullish impulse. 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 is testing the next resistance after a breakout as I told you yesterday!
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