The price is creating a rising wedge on the 4h timeframe and after the rejection from the 1250$ the price is testing the dynamic support.
As you can see the price got a rejection exactly from the 0.618 Fibonacci level, it's a key level.
How to approach it?
IF the price is going to lose the support and retest it as new resistance, According to Plancton's strategy, we can set a nice order
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Keep in mind.
Follow the Shrimp 🦐
As you can see the price got a rejection exactly from the 0.618 Fibonacci level, it's a key level.
How to approach it?
IF the price is going to lose the support and retest it as new resistance, 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 🦐