the price lost the ascending channel after the market got liquidity for a bearish impulse from the 2.2$ level.
Now the price is testing the 1.4$ below the monthly structure.
How to approach it?
The price needs to flip the monthly resistance into new support, 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 🦐
Now the price is testing the 1.4$ below the monthly structure.
How to approach it?
The price needs to flip the monthly resistance into new support, 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 🦐
Note
The price needs new liquidity in order to create a breakout above the monthly resistance. Let's see!Note
the price needs to flip the monthly resistanceNote
Clear breakout. 8% so far
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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.