The price printed a double top on the daily resistance around 4.5$ where the price got rejections.
Now the price is inside an ascending channel and it's testing the daily support on 4$ area.
How to approach it?
IF the price is going to lose the support and the ascending channel, 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 🦐
Now the price is inside an ascending channel and it's testing the daily support on 4$ area.
How to approach it?
IF the price is going to lose the support and the ascending channel, 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 area that I told you.Now if the price is going to have rejection and lose the 4$ area we can apply our rules for a short position.
Note
The price failed to create a new Higher High, we are monitoring the price action now
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.