The price is testing the daily resistance at 19$ area where the price created a false breakout as well.
The price is creating a pennant below the main structure
How to approach it?
IF and only IF the price is going to have a breakout from the daily resistance and retest it as new support, 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 price is creating a pennant below the main structure
How to approach it?
IF and only IF the price is going to have a breakout from the daily resistance and retest it as new support, 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
amazing pennant here!Wait for the clear breakout
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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.