The price is creating a huge falling wedge below the weekly level at 1.06$ area
The price needs to grab new liquidity and create a clear breakout and retest the current resistance as new support
How to approach it?
IF the price is going to have a clear breakout from the resistance and retest the daily 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 grab new liquidity and create a clear breakout and retest the current resistance as new support
How to approach it?
IF the price is going to have a clear breakout from the resistance and retest the daily 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.
- ⚫️ black structure -> <= 1h structure.
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Follow the Shrimp 🦐
Note
The price needs to create a clear breakout from hereNote
The price is trying to have a breakout from here!
Note
We need to see a clear breakout from hereNote
We are monitoring the price.The market had a breakout as I told you.
Wait for the clear breakout
Note
It's not enough to see just a breakout to satisfy our rules.Check How the market got a rejection by the resistance,
The Long scenario only if the price is going to flip the main resistance as I told you
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.