BTCUSDT is testing the support

Dec 27, 2022

the price is testing the support after a pullback from the breakout of ascending channel. The price retested the 0.618 Fibonacci level and now the market is trying to hold the local support

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

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Follow the Shrimp 🦐

Dec 27, 2022

Note

The price is testing the support again.
Now the level is weak

Dec 28, 2022

Note

The price is following my arrow. The price lost the support and retest it as new resistance
Let's see how the market is going to react during the Asian Session

Dec 29, 2022

Note

The price is moving as I told you.
let's see if the price is going to have a new bearish impulse until 16300

Jan 1, 2023

Note

the price is testing the support after the breakout as I told you