The price got a rejection from the supply zone as I told you on the previous analysis. On the daily timeframe, we can see a resistance exactly on 41800$.
On the lower timeframe, the price is testing the previous support area. The price created a new Higher low after a bounce on 41800, and now the market is looking for the next bounce. the price could create a new Lower higher and then a new Higher low.
How to approach? If the price is going to lose the 38k Zone and retest it as new support, According to Plancton's strategy, we can set a nice order.
The next valid support remains 34k ––––– Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
––––– Follow the Shrimp 🦐
บันทึกช่วยจำ
The price got a rejection from the 0.382 Fibonacci level. The market is following my drawing. We are waiting for the breakout from the 4h support on 38000. 👀
บันทึกช่วยจำ
The market created a new Higher Low on the 0.382 Fibonacci level. If the price is going to have a breakout, we could see a new bearish impulse.
The price is following my drawing.
บันทึกช่วยจำ
The price is testing a key level where the market has a confluence of 0.618 Fibonacci Level, the dynamic daily support, and 4h static support.
If the price is going to lose the key level and it creates a new low, we could see a bearish impulse until the next valid support