BTCUSDT on the 4h chart is trading in an ascending channel below a daily resistance.
The price on the first trading hours is moving to upside below the 22k level.
How can i approach this scenario?
I will wait for the US market open and in the case the price will break above i will look for a short term long order according to the Plancton's strategy rules.
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
The price on the first trading hours is moving to upside below the 22k level.
How can i approach this scenario?
I will wait for the US market open and in the case the price will break above i will look for a short term long order according to the Plancton's strategy rules.
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
Note
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.