The price created a W pattern on the 4h support on 1.3$ and now the price is testing the 4h resistance on 1.430$ below the daily resistance on 1.5$
Usually the market wants to retest the W neckline and in this case, the neckline is on 0.618 Fibonacci level.
How to approach it?
IF the price is going to lose the current support and retest 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 🦐
Usually the market wants to retest the W neckline and in this case, the neckline is on 0.618 Fibonacci level.
How to approach it?
IF the price is going to lose the current support and retest as new 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.
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Follow the Shrimp 🦐
Note
The price followed my arrow. 8% so farNote
11% so far
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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.