ETCUSDT is testing the key level

The price created a double top on 45% area where the price had a clear breakout until the previous 4h support on 34$ area. The market has the 0.618 Fiboanacci level on that level and local Demand Zone as well.

How to approach it?
IF the price is going to lose the current support (the M's neckline) and retest it as new resistance, According to Plancton's strategy, we can set a nice order
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Keep in mind.

• 🟣 Purple structure -> Monthly structure.
  
• 🔴 Red structure -> Weekly structure.
  
• 🔵 Blue structure -> Daily structure.
  
• 🟡 Yellow structure -> 4h structure.
  

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Follow the Shrimp 🦐

ความคิดเห็น:

The price is testing the key level.
We are waiting for our Strategies, a breakout is not enough

ความคิดเห็น:

The price is testing the dynamic resistance on the 0.618 Fibonacci level.
We are waiting for the breakout from 32$ area in order to apply our rules.

ความคิดเห็น:

Wait for the breakout

ความคิดเห็น:

The price followed my arrow!