The price is testing the daily support after a breakout from the dynamic resistance without volume.
On the 4h timeframe, the price is trying to have a breakout from the dynamic 4h resistance.
How to approach?
IF the price is going to have a breakout from the 4h support on 0.2$ and retest as new resistance, we can add it to our watchlist and wait to apply our rules for open a new short position. The scenario is invalidated if the price is going to have a breakout of 0.24$ with confirmations
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
On the 4h timeframe, the price is trying to have a breakout from the dynamic 4h resistance.
How to approach?
IF the price is going to have a breakout from the 4h support on 0.2$ and retest as new resistance, we can add it to our watchlist and wait to apply our rules for open a new short position. The scenario is invalidated if the price is going to have a breakout of 0.24$ with confirmations
––––
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 so far, wait for the breakoutNota
The setup is still valid, bear if the price is going to break the support
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.