The price is testing the 0.382 Fibonacci level after a nice breakout from descending channel. IF the price will have a breakout from 4h resistance, 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.
Note
perfect retest on0.5 Fibonacci level on the old resistance flip into new support
Note
Waiting for the breakout
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Still Waiting for the breakout. Now the price is testing 0.618 Fibonacci level
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