ETCUSDT is testing the monthly support

The price is testing the 0.618 Fibonacci level on the monthly support on the daily timeframe. on 4h Timeframe the price is creating a descending channel.

How to approach?
If the price is going to lose the support on 36.50 and retest the support 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.
  

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Follow the Shrimp 🦐

Trade closed: target reached:

34%