The price lost the daily support at 0.87$ area where the price tested the key level several times.
Now the price is creating a falling wedge on the 4h timeframe and the market is trying to grab new liquidity in order to create a pullback until the 0.618Fiboacci level
How to approach it?
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 🦐
Now the price is creating a falling wedge on the 4h timeframe and the market is trying to grab new liquidity in order to create a pullback until the 0.618Fiboacci level
How to approach it?
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.
- ⚫️ black structure -> <= 1h structure.
–––––
Follow the Shrimp 🦐
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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.