The price got rejections from the dynamic resistance on the daily timeframe, and rejection from the weekly resistance on 21$ On the lower timeframe, the price is testing the 0.786 Fibonacci level after a false breakout on 20$ where you can find an M pattern.
How to approach? We are monitoring the price, the bullish scenario is above 19$ with confirmation. in a short period, if the price is going to lose the 4h support with confirmation, we could see another bearish impulse until 14$. 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 🦐
הערה
The price is testing the 0.786 Fibonacci level on the dynamic support. We are waiting for the breakout and retest the support as new resistance to applying our rules. A breakout is not enough.
הערה
the price is following my drawing and my strategies. More profits if the price is going to lose the support. a clear 5% so far 😎
הערה
5% since my free call and now the price is testing the support as new resistance as I told you 😎
הערה
The price is testing the support, bearish if the price is going to lose it and if satisfies our rules Don't miss it 👀
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