The price is following my drawing according to my previous idea, the market bounced until 2700 and got new liquidity for a breakout of 0.618 Fibonacci level.
Now the price is testing the old support as new resistance.
How to approach?
A breakout is not enough, you need to have strategies to open a new short position, we will open a new short if the market is going to satisfy our rules. The next valid support is 2400
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Follow the Shrimp 🦐
Keep in mind.
Now the price is testing the old support as new resistance.
How to approach?
A breakout is not enough, you need to have strategies to open a new short position, we will open a new short if the market is going to satisfy our rules. The next valid support is 2400
–––––
Follow the Shrimp 🦐
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
If the price is going to lose the support again, the next valid support is 2400
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