ETHUSDT needs to hold the support

7 Mac 2022

On the upper chart, we can see the daily timeframe where the price got rejections from the dynamic resistance and the weekly one on 3k.
The price is testing a daily support and the market is trying to hold it on 2560$

On the lower timeframe the price is going to retest the previous zone as new resistance, we could see a pullback on 2610-2640.

How to approach?
We are monitoring the price, if the price is going to have a pullback and got a new rejection from the previous support and retest the daily 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 🦐

7 Mac 2022

Nota

The price is trying to have a breakout from the previous daily support now new resistance. We need to see volume!
let's see

7 Mac 2022

Nota

the price retest exactly the 4h resistance as you can see in my previous analysis.
5% so far