We made more than 37% since my previous analysis, where the price had a breakout from the dynamic resistance and satisfy our rules for a new bullish impulse until the weekly resistance on 0.72$ area.
Now the price is testing the 0.618 Fibonacci level on 0.66$ and the market is trying to get more bull positions in order to create a new breakout from the 0.72$ area.
How to approach it?
IF the price is going to have a breakout from the weekly resistance and retest it 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 🦐
Now the price is testing the 0.618 Fibonacci level on 0.66$ and the market is trying to get more bull positions in order to create a new breakout from the 0.72$ area.
How to approach it?
IF the price is going to have a breakout from the weekly resistance and retest it as new support, 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 🦐
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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.