ONTBTC is testing the 4h support inside a descending channel. If the price will have a breakout from the descending channel and retest the previous resistance as new support, According to Plancton's strategy(check our Academy), we can set a nice order.
Otherwise, If the price will lose the current support, we could see a retracement until the weekly suppoort.
βββββ
Follow the Shrimp π¦
Keep in mind.
Otherwise, If the price will lose the current support, we could see a retracement until the weekly suppoort.
βββββ
Follow the Shrimp π¦
Keep in mind.
- π£ Purple structure -> Monthly structure.
- π΄ Red structure -> Weekly structure.
- π΅ Blue structure -> Daily structure.
- π‘ Yellow structure -> 4h structure.
- β«οΈ Black structure -> <4h structure.