The price is trying to have a breakout from the 4h resistance after a clear rejection from the 0.618 Fibonacci level on the 50$ area.
How to approach it?
IF the price is going to create a clear breakout from the 50$ area and retest as new support, According to Plancton's strategy, we can set a nice order
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Keep in mind.
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Follow the Shrimp 🦐
How to approach it?
IF the price is going to create a clear breakout from the 50$ area and retest 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.
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Follow the Shrimp 🦐
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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.
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.