The price had a nice breakout from the monthly support and retested it as new resistance. On the daily timeframe the price is creating a descending channel below the weekly resistance.
On the lower timeframe the price is testing the 4h support.
How to approach?
IF the price is going to lose the support, 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 is creating a minor channel above the daily support. We are waiting for the breakout for a new short position.
Don't miss it
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