The price tested the daily support on 24$ with a false breakout. On the daily timeframe we can see a pin candle on the 0.886 Fibonacci level, it's a key level.
On he 4h timeframe, the lower one, the price is trying to have a breakout from the daily descending channel and now the price is retesting the previous 4h resistance as new support ton 28$
How to approach?
The price must confirm the breakout, we could see a retest of the dynamic support.
If the price is going to confirm and satisfy our rules, we can open a new song position according to our rules. The next valid resistance is 40$
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Follow the Shrimp 🦐
Keep in mind.
On he 4h timeframe, the lower one, the price is trying to have a breakout from the daily descending channel and now the price is retesting the previous 4h resistance as new support ton 28$
How to approach?
The price must confirm the breakout, we could see a retest of the dynamic support.
If the price is going to confirm and satisfy our rules, we can open a new song position according to our rules. The next valid resistance is 40$
–––––
Follow the Shrimp 🦐
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.