The price had a breakout from the descending channel after a bounce on the daily support on 1.32$. Nice volume so far. On the 4h timeframe, the price is creating a W pattern where the neckline is on 0.618 Fibonacci level on 1.4$.
Big News ahead on this Coin
How to approach? We are monitoring the key levels, we could see a retracement until the previous resistance now new support. IF the price is going to satisfy ALL our rules, we could open a new long position with a very nice risk reward
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The price got a rejection from the 4h resistance on 1.5$. wait for a retracement on 1.4$ for new liquidity
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so far so good 20% since my call
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The price is testing the monthly resistance right now!! 27% so far!
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The price is testing the 4h resistance after a Clear breakout from the monthly resistance on 1.8$.
the market is in accumulation phase and it's retesting the previous resistance as new support.
If the price is going to have a breakout, According to Plancton's strategy, we can set a nice order