The price had a false breakout from the pennant and got new liquidity from the daily resistance at 0.42$ area.
Now the price is testing the 4h support at 0.29$ area
How to approach it?
IF the price is going to lose the support and retest as new resistance, According to Plancton's strategy, we can set a nice order
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Keep in mind.
Follow the Shrimp 🦐
Now the price is testing the 4h support at 0.29$ area
How to approach it?
IF the price is going to lose the support and retest 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:
The price must hold the support or we could see a bearish impulse until the 0.27$
