The price is testing the daily support on 60$ area inside a falling wedge on the 4h timeframe.
The price needs to create a breakout from the 63$ area and retest it as new support.
The market must to hold the dynamic daily support as well
How to approach?
IF the price is going to have a breakout from the falling wedge and retest the 4h 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 🦐
The price needs to create a breakout from the 63$ area and retest it as new support.
The market must to hold the dynamic daily support as well
How to approach?
IF the price is going to have a breakout from the falling wedge and retest the 4h resistance 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 🦐
Note
The price needs to create a clear breakout from the 4h resistanceLet's see!
Note
The price needs to create a clear breakout from the falling wedge
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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.