The price is creating a bear flag on 4 timeframes after the first pullback as I told you.
What's the next?
The price needs to hold the 4h support on 0.3$ after rejection on 0.5 Fibonacci level.
How to approach it?
IF the price is going to have a breakdown from the support and retest as new resistance, According to Plancton's strategy, we can set a nice order
–––––
Keep in mind.
–––––
Follow the Shrimp 🦐
What's the next?
The price needs to hold the 4h support on 0.3$ after rejection on 0.5 Fibonacci level.
How to approach it?
IF the price is going to have a breakdown from the support and retest as new 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.
–––––
Follow the Shrimp 🦐
Note
Still valid if the price is going to lose the support
Note
the price retested exactly our structure before the monthly support
22%
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.