OCEANUSDT is testing the Fibonacci retracement

١٧ فبراير ٢٠٢٢

BINANCE:OCEANUSDT The price got a rejection from the 4h resistance and daily dynamic resistance on 0.6253$ and now the market is going to retest the 0.618 Fibonacci level on 0.58$.

How to approach?
IF the price is going to have a breakout from the descending channel and 4h resistance on 0.64, 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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