The price is testing the ascending channel as resistance after the breakout from the daily one.
The market is creating a pennant as well below the weekly resistance and 4h resistance.
How to approach?
We will wait for a breakout with Volume from the pennant and 4h resistance. Beware about the weekly resistance, because that resistance is very strong. IF the price is going to satisfy all our rules, 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.
–––––
Follow the Shrimp 🦐
Note
The price is testing the lower trendline above the daily support.Wait for a reaction.
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.