The price is testing the 0.618 Fibonacci level between two main daily structures.
As you can see the market got a rejection from the dynamic resistance and it's trying to have a breakout.
How to approach?
We are waiting to see a clear breakout of 0.58$ level with volume, 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 🦐
As you can see the market got a rejection from the dynamic resistance and it's trying to have a breakout.
How to approach?
We are waiting to see a clear breakout of 0.58$ level with volume, 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 creating a descending channel, we are waiting for another bullish impulse!
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.