The price is inside a descending channel below the 58$ area, it's a jey level.
On the daily timeframe the price is creating a cup and handle and the price bounced exactly on the 0.618 Fibonacci level.
How to approach it?
IF the price is going to have a breakout from the descending channel and static resistance, 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 daily timeframe the price is creating a cup and handle and the price bounced exactly on the 0.618 Fibonacci level.
How to approach it?
IF the price is going to have a breakout from the descending channel and static resistance, 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 🦐
Note
Still waiting for the breakoutNote
Cup and Handle in playNote
The price is testing the daily resistance right now.Bug Cup and handle in play
Note
Breakout as expected!Note
Breakout as expected!9% so far
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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.