The price had a breakout from the ascending channel after the market got the rejection from 11$ area. In my previous idea we were waiting for a clear breakout before looking for a new long position.
Now the price is testing the daily support at 9.2$ area on the 0.618 Fibonacci level
How to approach it?
IF the price is going to have a breakout from the 4h resistance at 9.5$ are and retest is it as new support, we could see a pullback until the previous 4h support now new resistance, so 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 testing the daily support at 9.2$ area on the 0.618 Fibonacci level
How to approach it?
IF the price is going to have a breakout from the 4h resistance at 9.5$ are and retest is it as new support, we could see a pullback until the previous 4h support now new resistance, so According to Plancton's strategy, we can set a nice order
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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 🦐
註釋
The price is trying to flip the resistance and gains the momentum to retest the 0.382 Fibonacci level
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