The price is testing the daily resistance at 0.080 after the first rejection.
On the 4h timeframe, the price had a false breakout from the ascending channel on 0.1 and now the market is creating a descending channel
How to approach?
For a bullish scenario, the price needs to have a breakout from 0.083$ with a clear breakout and volume and retest the resistance as new support.
IF the price is going to confirm it, 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 4h timeframe, the price had a false breakout from the ascending channel on 0.1 and now the market is creating a descending channel
How to approach?
For a bullish scenario, the price needs to have a breakout from 0.083$ with a clear breakout and volume and retest the resistance as new support.
IF the price is going to confirm it, 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 🦐
註釋
The price is testing the descending channel waiting for the breakout
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