ETHUSDT is going to retest the resistance

The price is testing the resistance on 1160 after a rejection from the previous support.
We could see a new breakout until the 1200 area in order to grab new liquidity from that area and create a new bearish impulse.

How to approach it?
IF the price is going to have a breakout and got a new rejection, 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 🦐

Kommentera:

The price retest the 4h resistance on 1200$ area As I told you.
We are waiting for the breakout of the support.
We could see another retest of the resistance.
Let's see!