The price had a breakout from the ascending channel after the market got the rejection from 11$ area. In my previous idea we were waiting for a clear breakout before looking for a new long position.
Now the price is testing the daily support at 9.2$ area on the 0.618 Fibonacci level
How to approach it?
IF the price is going to have a breakout from the 4h resistance at 9.5$ are and retest is it as new support, we could see a pullback until the previous 4h support now new resistance, so 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 daily support at 9.2$ area on the 0.618 Fibonacci level
How to approach it?
IF the price is going to have a breakout from the 4h resistance at 9.5$ are and retest is it as new support, we could see a pullback until the previous 4h support now new resistance, so 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.
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Follow the Shrimp 🦐
Note
The price is trying to flip the resistance and gains the momentum to retest the 0.382 Fibonacci level
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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.