The price is creating a falling wedge on the monthly support of 113$ after several rejections from the dynamic resistance.
On the 4h timeframe, the price is testing the 4h resistance after a first false breakout. The price needs to hold the monthly support to avoid invalidating the setup
How to approach? If the price is going to have a breakout from the falling wedge and 4h resistance, 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.
––––– Follow the Shrimp 🦐
Catatan
The price is still inside a falling wedge and got a rejection from the 4h resistance as I told you. Wait for the breakout above the 125$ 👀
Catatan
The price is testing the 4h resistance right now!
Catatan
The price needs to break the 4h resistance before turning bullish. At the moment the price is inside a falling wedge on the monthly support
Catatan
The price needs to flip it. We don't trade the Hopes
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.