ETHUSDT needs to create a clear breakout!

The price is testing the daily support on the 1200$ area where the market created a support.
the price is inside a descending channel and now the market is trying to create a breakout
How to approach it?
IF the price is going to create a breakout and grab new liquidity, we can expect a new bearish impulse below the daily support, so 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.
  
• ⚫️ black structure -> <= 1h structure.
  

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Follow the Shrimp 🦐

ความคิดเห็น:

The price bounced exactly on the supply zone as I told you in my previous idea.

ความคิดเห็น:

The price is following my arrow and now is testing the range below the 0.618 Fibonacci level.
IF the price is going to lose the support we could see a new Daily retest as I said in my idea

ความคิดเห็น:

The price followed my arrow so far.
a clear 5%

ความคิดเห็น:

The price followed my arrow, and the students made more than 7%