BTCUSDT is testing the daily resistance 🦐
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BTCUSDT on the daily chart reached the daily resistance at the 22k.
The price after a triple bottom at the recent lows might have the strength to retrace further up to the 0.382 fibonacci level.
How can i approach this scenario?
I will wait for the market open and in case the price will break above i will move on the 4h chart to check an entry according to the Plancton's strategy rules.
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
The price after a triple bottom at the recent lows might have the strength to retrace further up to the 0.382 fibonacci level.
How can i approach this scenario?
I will wait for the market open and in case the price will break above i will move on the 4h chart to check an entry according to the Plancton's strategy rules.
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
Note
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