XMRUSDT retest the 0.618 Fibonacci level 🦐
Updated
XMRUSDT on the 4h chart is trading inside an ascending channel.
The price after the yesterday's impulse is now trading in a choppy way with a retest of the 0.618 fibonacci support.
How can i approach this scenario?
I will wait for the EU market open and in the case that the price will break above the 4h resistance i will consider a long order according to the Plancton's strategy rules.
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
The price after the yesterday's impulse is now trading in a choppy way with a retest of the 0.618 fibonacci support.
How can i approach this scenario?
I will wait for the EU market open and in the case that the price will break above the 4h resistance i will consider a long order according to the Plancton's strategy rules.
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
Note
Note
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