The price lost the monthly support and now the price is going to create a falling wedge on the monthly support.
The price had a false breakout from the falling wedge and it got new liquidity for a bearish impulse.
On the 4h timeframe the price is testing the support above the demand zone.
How do you approach it?
IF the price is going to have a breakdown from the 4h support and grab new liquidity, traAccording 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 🦐
Note
The price is going to grab new liquidity from the demand zone as I told you
let's see!
Note
The price is following my drawing, on 0.36 The market has a liquidity zone.Let's see!
Note
the price is testing our Demand zone as I told you.What's next?
The price needs to grab liquidity and create a new breakout from 0.42$
anyway, so far 16% ✍🏻
Note
The market got the liquidity exactly where I told you.Now the price needs to create a new breakout from the 4h resistance.
Let's see!
Note
The price is testing the 4h.after the breakdown, the price is testing the resistance as I told you.
Bit Potential and nice gain.
Congrats Planctoners 😎
Note
Waiting for the breakout and our Rules! 🚀Don't Miss it
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.