The market is testing an important supply zone as you can see on the daily timeframe. (the upper chart).
On the 4h Timeframe (lower chart) the price had a breakout from the triangle after a false breakout but got a rejection from the previous support now new resistance.
Now the price is testing the dynamic resistance around 0.5$ and static 4h resistance.
How we can approach this scenario?
We'd like to see a clear breakout from the dynamic resistance and retest the previous resistance as new support.
0.55$ could be a safe place to apply our strategies and open a new long position.
–––––
Follow the Shrimp 🦐
Keep in mind.
On the 4h Timeframe (lower chart) the price had a breakout from the triangle after a false breakout but got a rejection from the previous support now new resistance.
Now the price is testing the dynamic resistance around 0.5$ and static 4h resistance.
How we can approach this scenario?
We'd like to see a clear breakout from the dynamic resistance and retest the previous resistance as new support.
0.55$ could be a safe place to apply our strategies and open a new long position.
–––––
Follow the Shrimp 🦐
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
- ⚫️ Black structure -> <4h structure.
註釋
The price is testing the 4h resistance after a shy attempt of the breakout from the descending channel. No volume so far.
Bullish above 0.49$
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。