The market creates a falling wedge on the daily timeframe and now the price is testing the 4h support after an attempt of breakout from 7.5$.
As you can see the price creates equal high on 7.5$, so that area is strong for the price.
How to approach it?
IF the price is going to lose the support we can look for a new short position. The price could grab new liquidity from 8$ where you can see the monthly structure in order to create a new bearish impulse.
According to Plancton's strategy, we can set a nice order
–––––
Keep in mind.
Follow the Shrimp 🦐
As you can see the price creates equal high on 7.5$, so that area is strong for the price.
How to approach it?
IF the price is going to lose the support we can look for a new short position. The price could grab new liquidity from 8$ where you can see the monthly structure in order to create a new bearish impulse.
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.
Follow the Shrimp 🦐
评论:
20% so far, more if the price is going to lose the ascending channel and static support on the 6$ area
Clear 20% without any leverage