The price is testing the 0.618 Fibonacci level as resistance after the sharp movement. the price could have a rejection from that area after the pullback and got a new bearish impulse.
At the moment the market is going to create a new higher low in that area, as you can see on the left, this area is a confluence zone for Bitcoin.
How to approach? IF the price is going to have a new rejection from that area, 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 🦐
Nota
The price is testing the 0.618 Fibonacci level as resistance. If the price is going to have a clear rejection, we could see a new bearish
let's see!
Nota
more down if the price is going to lose the support
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