The price got a rejection from the daily resistance on 0.9$ after a breakout from the daily descending channel. The price lost the weekly support as well on 0.75$
On 4h Timeframe the price is creating a descending channel below the key level and the market is testing the 0.618 Fibonacci level
How to approach?
We are monitoring the price action if the price is going to have a breakout from the descending channel and the weekly resistance According to Plancton's strategy, we can set a nice order
–––––
Keep in mind.
–––––
Follow the Shrimp 🦐
On 4h Timeframe the price is creating a descending channel below the key level and the market is testing the 0.618 Fibonacci level
How to approach?
We are monitoring the price action if the price is going to have a breakout from the descending channel and the weekly resistance 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 🦐
注释
The price is creating a descending channel below the weekly resistance on the 0.75$We are waiting for the breakout and retest it for applying our rules for a new long position
注释
The price needs to have a breakout from the weekly resistance for a new bull scenario
相关出版物
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。