The price is testing the M neckline at 0.370 area, the price got several rejections.
The market needs more volume and momentum in order to create a clear breakout from that level and confirm as new support
How to approach it?
IF the price is going to have a breakout and retest it as new resistance, 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 🦐
The market needs more volume and momentum in order to create a clear breakout from that level and confirm as new support
How to approach it?
IF the price is going to have a breakout and retest it as new resistance, 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.
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Follow the Shrimp 🦐
Note
The price needs to create a breakout from the resistanceNote
The idea is still validNote
The price is going to follow the arrow.We are waiting for our strategies! Put it on your watchlist!
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.
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.