The price got a rejection from the weekly resistance where we were waiting for the flip for a long scenario. the price is testing the 0.618 Fibonacci level and the market had a breakout from the descending channel.
How to approach? The price could retest the demand zone on 18$, 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.
––––– Follow the Shrimp 🦐
Note
The price is following my drawing, an Amazing 12% so far 🎯
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.