The price lost the support on 0.003$ and retested as new resistance.
It's a stronger area, if you look on the left on the daily timeframe (the upper chart) you can see how the price respected that area, and after the breakout retest, the previous resistance as new support got liquidity and did a bullish impulse until 0.008$
How to approach?
The price is creating a channel below the daily resistance, and after rejection, the price is going to retest again the 4h support. IF the price is going to have a breakdown from the 4h support, we could see a bearish impulse until the 0.0015.
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 🦐
It's a stronger area, if you look on the left on the daily timeframe (the upper chart) you can see how the price respected that area, and after the breakout retest, the previous resistance as new support got liquidity and did a bullish impulse until 0.008$
How to approach?
The price is creating a channel below the daily resistance, and after rejection, the price is going to retest again the 4h support. IF the price is going to have a breakdown from the 4h support, we could see a bearish impulse until the 0.0015.
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.
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Follow the Shrimp 🦐
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