The price is testing the monthly support where the price has a confluence as you can see on the daily timeframe.
On the 4h timeframe the price could get new liquidity in order to create a new pullback if the price is going to have a clear breakout from 33k.
How to approach?
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 could get new liquidity in order to create a new pullback if the price is going to have a clear breakout from 33k.
How to approach?
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.
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Follow the Shrimp 🦐
Note
The price is testing the 30k right now. The market must close above 29-30k otherwise the next stop could be 23k.Let's see!
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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.
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.