The price had a breakout from the daily dynamic resistance and now is trying to have a breakout from the static resistance.
On the 4h timeframe the price is below a supply zone on 7$.
How to approach?
The price needs to create a new bullish impulse and breakout from 7$ and retest that area 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 🦐
On the 4h timeframe the price is below a supply zone on 7$.
How to approach?
The price needs to create a new bullish impulse and breakout from 7$ and retest that area 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
The price got a bullish impulse and got a rejection from the 4h resistance. After the rejection, the price bounced on the 0.618 Fibonacci level.
Wait for the breakout from the 4h resistance
Note
The price had a breakout and now is trying to hold the new supportNote
24% so far.Note
30% so far.
Note
54% so far so good
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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.