The price is testing the dynamic support above the weekly static on 87$.
The price got the rejection from the supply zone on 105 area and after a retest, It melted until the dynamic support
How to approach it?
The price needs to create a new bearish impulse and create a new breakout from the weekly level. According to Plancton's strategy, we can set a nice order
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Keep in mind.
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Follow the Shrimp 🦐
The price got the rejection from the supply zone on 105 area and after a retest, It melted until the dynamic support
How to approach it?
The price needs to create a new bearish impulse and create a new breakout from the weekly level. According to Plancton's strategy, we can set a nice order
–––––
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
Note
The price is testing the weekly support right now. IF the price is going to lose it, we could see a new bearish impulse until 80$ areaNote
14% as expectedNote
the price lost the weekly support and satisfied our rules.clear 25%
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.