The price printed a double top on the daily resistance around 4.5$ where the price got rejections.
Now the price is inside an ascending channel and it's testing the daily support on 4$ area.
How to approach it?
IF the price is going to lose the support and the ascending channel, 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 🦐
Now the price is inside an ascending channel and it's testing the daily support on 4$ area.
How to approach it?
IF the price is going to lose the support and the ascending channel, 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 area that I told you.Now if the price is going to have rejection and lose the 4$ area we can apply our rules for a short position.
註釋
The price failed to create a new Higher High, we are monitoring the price action now
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