The price is inside a descending channel on the 4h timeframe and now the price is testing the resistance.
How to approach it?
The price needs to create a clear breakout from the resistance and retest it as new support, so According to Plancton's strategy, we can set a nice order
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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
Still waiting for the clear breakout!Note
The price is following my arrow. 10 % since my idea
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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.