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 ––––– Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
––––– Follow the Shrimp 🦐
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I'm still waiting for the breakout
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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
A very high-quality analysis of the asset. I think that the immediate price reaction will help make sure of the further direction of movement. Buddy, I wonder what indicators you use in your analysis?