The price is creating a descending channel on the daily timeframe and after a retest of the demand zone, the price bounced to 100$.
On the lower timeframe, we can see a breakout from the 4h and 1d channel and the price is testing an important resistance on 103$ on the 0.618 Fibonacci level.
How to approach?
We are monitoring the price we want to see a clear breakout from the 0.618 Fibonacci retracement and daily resistance. If the price is going to have a breakout, 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 the lower timeframe, we can see a breakout from the 4h and 1d channel and the price is testing an important resistance on 103$ on the 0.618 Fibonacci level.
How to approach?
We are monitoring the price we want to see a clear breakout from the 0.618 Fibonacci retracement and daily resistance. If the price is going to have a breakout, According to Plancton's strategy, we can set a nice order
–––––
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 🦐
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.