The price is testing the weekly dynamic support after a breakout from the daily structures on 0.125$. The market is trying to have a bounce from that support and retest the previous support as new resistance.
How to approach?
We are monitoring the price, We will wait for a bounce and we will apply our rules for a new short position. The next valid support is 0.088. the scenario is invalidated if the price is going to have a breakout 0.14$
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
How to approach?
We are monitoring the price, We will wait for a bounce and we will apply our rules for a new short position. The next valid support is 0.088. the scenario is invalidated if the price is going to have a breakout 0.14$
––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
Nota
The price is following my drawing and now the market is testing the old daily resistance.
IF the price is going to lose the support, according to Plancton's rules, we can look for a new short position
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.