the price is testing a key level on 2.73 on the weekly support where the price got several bounces.
On the 4h timeframe the price is creating a descending channel below the 4h resistance on 2.75$
How to approach?
The price needs to have a clear breakout from the descending channel and retest the 4h resistance as new support and confirm the weekly support.
IF the price is going to have a breakout, According to Plancton's strategy, we can set a nice order
–––––
Keep in mind.
–––––
Follow the Shrimp 🦐
On the 4h timeframe the price is creating a descending channel below the 4h resistance on 2.75$
How to approach?
The price needs to have a clear breakout from the descending channel and retest the 4h resistance as new support and confirm the weekly support.
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.
–––––
Follow the Shrimp 🦐
Publikasi terkait
Pernyataan Penyangkalan
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.
Publikasi terkait
Pernyataan Penyangkalan
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.