InkyGrip

ATOMUSDT is testing the 4h resistance

Long
InkyGrip Updated   
BINANCE:ATOMUSDT   Cosmos / TetherUS
the price is testing the 4h resistance on the 0.5 Fibonacci level after a bearish impulse from the monthly support at 8.84$

How to approach it?

The price needs to create a breakout from it and retest the current resistance as new support, 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:
A clear breakout and retest as I told you. Now the price is testing the 0.786 Fibonacci level. More if the price is going to have another breakout from it.
Comment:
15% so far so good
Comment:
20%, so far so good 🦐
Comment:
22% since my call
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.