The price is testing the 4h resistance after a range between 4h structures
The price created a false breakout from the range, usually, it's not a good sign for the continuation
How to approach it?
If the price is going to have a clear breakout from the resistance and retest as new support, According to Plancton's strategy, we can set a nice order
–––––
Keep in mind.
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Follow the Shrimp 🦐
The price created a false breakout from the range, usually, it's not a good sign for the continuation
How to approach it?
If the price is going to have a clear breakout from the resistance and retest 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.
–––––
Follow the Shrimp 🦐
Note
5%
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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.