BTCUSDT wants to retest the 0.5 Fibonacci level
On the daily timeframe the price is testing the 0.382 Fibonacci level as resistance.
on 4h timeframe the price is creating a symmetrical triangle.
How to approach it?
IF the price is going to have a breakout from the 32k and retest it 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.
Follow the Shrimp 🦐
Comment:
The price needs to create a new bullish impulse to retest the 0.5 Fibonacci Level
Comment:
If the price is going to have a breakout from the 4h resistance we could see a new retest of 31k
