The price got a rejection from the 0.80 Daily resistance where the market created a double top.
On 4h timeframe the price is creating a descending channel and the market is testing the 0.618 Fibonacci level and monthly support on 0.49.
The market is testing the supply zone right now
How to approach?
The price must hold the monthly support on 0.49$ and flip again the supply zone as new support. IF the price is going to have a breakout from 0.59-0.60, 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 🦐
On 4h timeframe the price is creating a descending channel and the market is testing the 0.618 Fibonacci level and monthly support on 0.49.
The market is testing the supply zone right now
How to approach?
The price must hold the monthly support on 0.49$ and flip again the supply zone as new support. IF the price is going to have a breakout from 0.59-0.60, According to Plancton's strategy, we can set a nice order
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Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
Nota
The price is testing the monthly support. If the price is going to flip the 4h resistance we could see a reversal movementNota
The price is following my arrow, 23% so far 😎more if the price is going to have a breakout from the descending channel
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.