the price is testing a key level on 2.73 on the weekly support where the price got several bounces.
On the 4h timeframe the price is creating a descending channel below the 4h resistance on 2.75$
How to approach?
The price needs to have a clear breakout from the descending channel and retest the 4h resistance as new support and confirm the weekly support.
IF the price is going to have a breakout, 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 🦐
On the 4h timeframe the price is creating a descending channel below the 4h resistance on 2.75$
How to approach?
The price needs to have a clear breakout from the descending channel and retest the 4h resistance as new support and confirm the weekly support.
IF the price is going to have a breakout, 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
BOOM! 7% since my previous idea (a few hours ago!)Congrats Planctoners!
Note
11% so far
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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.
Related publications
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.