The price had a bearish impulse until the 37$ where the market has the daily support.
As you can see, the market created a candle with big spike, it means the new liquidity, for that reason if the price is going to flip the supply zone on 59$ we could see a pullback until 72$.
How to approach?
The price needs to flip the 58$ and retest it as new support. If the price is going to gain the momentum we could see a pullback until the 0.618 Fibonacci level. According to Plancton's strategy, we can set a nice order
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Keep in mind.
Follow the Shrimp 🦐
As you can see, the market created a candle with big spike, it means the new liquidity, for that reason if the price is going to flip the supply zone on 59$ we could see a pullback until 72$.
How to approach?
The price needs to flip the 58$ and retest it as new support. If the price is going to gain the momentum we could see a pullback until the 0.618 Fibonacci level. 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 🦐
