the price bounced on the weekly support, around 30k. The price now could retest the levels 0.5 and 0.618 Fibonacci levels retracement on the daily timeframe.
IF the price will have a new breakout from these levels, we can see a new retest on the upper weekly trendline. According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
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The price is testing 0.5 Fibonacci level as expected. We need to wait to understand how the price reacts on that level