BTCUSDT wants liquidity from 23k

12. Mai 2022

The price is testing the monthly support on the 0.618 Fibonacci level.
The Market has two demand zones.
The first one between 30k and 20k, and the price could grab the new liquidity around the 23k for the reverse trade.
The second one is between 16000$ and 12000$.

How approach on it?
If the price is going to grab the new liquidity from the 23k demand zone, we could see a new pullback after a new breakout of 30k. 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 🦐

12. Mai 2022

Anmerkung

a first retest of the previous confluence zone. The price got a rejection from the 0.618 Fibonacci level. We could see a retest of 23k in order to grab new liquidity. The price needs to break the 33k to invalidate this scenario