The market is creating s descending channel on the weekly support on the 1.03$ level. On the daily timeframe, we can see a false breakout from that area and on the 4h timeframe, the price is trying to have a breakout from it.
How to approach?
IF the price is going to have a breakout from the descending channel and retest the previous resistance 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 🦐
How to approach?
IF the price is going to have a breakout from the descending channel and retest the previous resistance as new support,According to Plancton's strategy, we can set a nice order
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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 daily resistance on 1.1$ above the weekly support!Wait for the breakout, don't miss it!
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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.
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.