The price is creating a rising wedge on the 4h resistance after a bounce on 0.4$ on the 4h support. As you can see on the left the price created an M pattern and the price retested its neckline as new resistance.
How to approach it?
IF the price is going to lose the current support and retest it as new resistance, According to Plancton's strategy, we can set a nice order
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Keep in mind.
Follow the Shrimp 🦐
How to approach it?
IF the price is going to lose the current support and retest it 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.
Follow the Shrimp 🦐
Comment:
Waiting for the breakout
Comment:
The price is testing the support.
If the market is going to flip the support into new resistance, we could see a new bearish impulse
If the market is going to flip the support into new resistance, we could see a new bearish impulse
Comment:
The price is following my arrow and now the market is testing the support as new resistance Don't miss it.
Comment:
a clear breakout from the rising wedge and clear 4% so far
Comment:
the price had a breakout from the rising wedge, retest the support as new resistance