ETHUSDT is testing the crucial support

the price is testing the 0.618 Fibonacci level as new resistance after a breakout from the ascending channel

How to approach it?
IF the price is going to lose the support and retest 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.
  
• ⚫️ black structure -> <= 1h structure.
  

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Follow the Shrimp 🦐

Commentaire:

The price had a breakout from the dynamic support and now it's testing the static one.
We are waiting for the breakout

Commentaire:

The price is still testing the support.
If the price is going to lose it we could see a new bearish impulse

Commentaire:

The price is creating bear flag