The price is creating a descending channel on the 4h timeframe after a rejection from 54$. Inside the descending channel, the price is creating an ascending channel and the price got a rejection from the dynamic and static 4h resistance.
How to approach it?
IF the price is going to have a breakout from the support, and retest the support as new resistance, 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 🦐
How to approach it?
IF the price is going to have a breakout from the support, and retest the support as new resistance, 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 🦐
注释
The price had a rejection from the resistance inside a descending channel Wait for the breakout
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