The price tested the daily support on 24$ with a false breakout. On the daily timeframe we can see a pin candle on the 0.886 Fibonacci level, it's a key level.
On he 4h timeframe, the lower one, the price is trying to have a breakout from the daily descending channel and now the price is retesting the previous 4h resistance as new support ton 28$
How to approach?
The price must confirm the breakout, we could see a retest of the dynamic support.
If the price is going to confirm and satisfy our rules, we can open a new song position according to our rules. The next valid resistance is 40$
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Follow the Shrimp 🦐
Keep in mind.
On he 4h timeframe, the lower one, the price is trying to have a breakout from the daily descending channel and now the price is retesting the previous 4h resistance as new support ton 28$
How to approach?
The price must confirm the breakout, we could see a retest of the dynamic support.
If the price is going to confirm and satisfy our rules, we can open a new song position according to our rules. The next valid resistance is 40$
–––––
Follow the Shrimp 🦐
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
Comment:
11% so far so good
Comment:
The price is following my drawing.
clear 25% since my idea according to my rules.
clear 25% since my idea according to my rules.
Comment:
The price followed my drawing and the price hit on the monthly structures exactly on the 0.5 Fibonacci level.
Comment:
The rice is pushing until the monthly resistance!
Amazing profit so far, more than 25% without any leverage!
We could see another bullish impulse until the 0.618 Fibonacci level.
Congrats to our Students for this profit! 🎯
Amazing profit so far, more than 25% without any leverage!
We could see another bullish impulse until the 0.618 Fibonacci level.
Congrats to our Students for this profit! 🎯
