The price is testing the daily resistance after a bounce in the 3$ area.
On the 4h timeframe the price is creating a rising wedge on it and testing the 0.886 Fibonacci level, it's a key level.
How to approach it?
IF the price is going to lose the 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 🦐
On the 4h timeframe the price is creating a rising wedge on it and testing the 0.886 Fibonacci level, it's a key level.
How to approach it?
IF the price is going to lose the 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:
I'm still waiting for the breakout
Comment:
The price had a false breakout from the rising wedge and after the breakout from the support, the price followed my arrow. 9% so far