The price had a rejection from daily resistance and now the price is testing 0.618 Fibonacci level. We aren't looking for a short position because the main trend is very bullish. IF the price will have a breakout from descending channel, and flip the current resistance into new support, According to Plancton's strategy (check our Academy), we can set a nice order
āāāāā
Follow the Shrimp š¦
Keep in mind.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
āāāāā
Follow the Shrimp š¦
Keep in mind.
- š£ Purple structure -> Monthly structure.
- š“ Red structure -> Weekly structure.
- šµ Blue structure -> Daily structure.
- š” Yellow structure -> 4h structure.
- ā«ļø Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Note
9% since my ideaNote
Waiting for the breakoutNote
šNote
I'd like to see the close above the blue structureNote
Waiting for the bullish impulseNote
Waiting for the bullish impulse
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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.