The price had a bounce from the monthly support on 0.65$ and created a breakout from the daily resistance on 1$
now the price is testing another important resistance on 1.140$.
How to approach?
The price could create a retracement on 0.5-0.618 Fibonacci level to get new liquidity and create a new bullish impulse, so if the price is going to have a breakout from the 1.2$ resistance, 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 another important resistance on 1.140$.
How to approach?
The price could create a retracement on 0.5-0.618 Fibonacci level to get new liquidity and create a new bullish impulse, so if the price is going to have a breakout from the 1.2$ resistance, 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 🦐
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.