The price created a double bottom on the monthly structure on the Monthly support. (0.68$). After the bounce, the market had a breakout from the dynamic daily resistance.
On the 4h timeframe, the price is creating an inverse head and shoulders. the neckline is on 0.77$
How to approach?
the price needs to confirm the right shoulder and create a new breakout from its neckline. IF the price is going to have a breakout, According to Plancton's strategy, we can set a nice order
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Keep in mind.
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Follow the Shrimp 🦐
On the 4h timeframe, the price is creating an inverse head and shoulders. the neckline is on 0.77$
How to approach?
the price needs to confirm the right shoulder and create a new breakout from its neckline. IF the price is going to have a breakout, According to Plancton's strategy, we can set a nice order
–––––
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
Note
Perfect breakout from the inverse head and shoulders as I told you 😎Note
Bang! 9%
Note
After the breakout, the price printed a 9%Congrats to our Planctoners! 🎯
Note
Inverse head and shoulders, Plancton's rules, 11%
😎Congrats 🦐
Note
A perfect breakout from the inverse head and shoulders and we made more than 19% without any leverage.Now thew price is testing an important resistance
Note
19% so far, the price needs to have a new breakout from the monthly resistance for a new bullish impulseNote
21% since my callNote
A Perfect inverse head and shoulders here.Note
a perfect inverse head and shoulders and double bottom on the daily timeframe.The price is pushing until the next daily resistance on 1$
Note
26% so far, after the inverse head and shoulders.Don't miss the next
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.