The price bounced on the daily support of 0.06$ after a big bearish impulse.
On the 4h timeframe, the price is testing the 0.382 Fibonacci level inside a bear flag
How to approach it?
The price could get new liquidity from 0.5 Fibonacci level and create a new bearish impulse. So, if the price is going to lose the bearflag and retest the support as new resistance we could see a double bottom on 0.06$
––––
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 testing the 0.382 Fibonacci level inside a bear flag
How to approach it?
The price could get new liquidity from 0.5 Fibonacci level and create a new bearish impulse. So, if the price is going to lose the bearflag and retest the support as new resistance we could see a double bottom on 0.06$
––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
Nota
The price is testing the supportLet's see if the market is going to satisfy our rules for a new short position
Nota
14% so far so good!Nota
16% after my callNota
The price is creating equal lows above the demand zone.
We could see a new bearish movement in order to grab new liquidity on 0.055$
Nota
17% so far and the price is going to grab new liquidity from 0.055$ as I Told you.Nota
20% so far
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.