ONEUSDT is testing the previous resistance as new support
The buyers are pushing ONEUSDT to ATH due to the big news about DeFi and Bridges.
The price had a false breakout from the static daily resistance and it retested the previous resistance as new support on the 0.5 Fibonacci level.
The market is creating an ascending channel on the 4h timeframe and the price is creating a minor descending channel inside it
How We can approach this scenario?
We need to see a clear breakout with a Volume of 0.36$, in that moment we can apply our rules and open a new Long Position for the new ATH.
Our position are base on our strategies and Price action. Follow us to know more!
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Follow the Shrimp 🦐
Keep in mind.
The price had a false breakout from the static daily resistance and it retested the previous resistance as new support on the 0.5 Fibonacci level.
The market is creating an ascending channel on the 4h timeframe and the price is creating a minor descending channel inside it
How We can approach this scenario?
We need to see a clear breakout with a Volume of 0.36$, in that moment we can apply our rules and open a new Long Position for the new ATH.
Our position are base on our strategies and Price action. Follow us to know more!
–––––
Follow the Shrimp 🦐
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
Nota
A perfect example to avoid trading the hopes.
I said to wait for e a clear breakout with a Volume of 0.36$.
Today the market is printing an Engulfing candle on the resistance and it's going to retest the 0.618 Fibonacci level.
I don't say that the market got a reversal, but we need to have confirmations before opening a new trade according to our rules.
the main trend is still bullish, but I want to see a good reaction on 0.618 Fibonacci level
Let's See!
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.
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.