The price created a triple bottom on the 129$ area on the daily timeframe and after the breakout from the weekly resistance (164$ the price had a nice bullish impulse until the daily resistance on 200$
The market is testing the static and the dynamic resistance on that level and non the 4h timeframe the price is creating a bull flag as well
How to approach?
Th price needs to create a new breakout from the bullflag and static resistance on 203$ and the market needs to satisfy our rules before new long position. According to Plancton's strategy, we can set a nice order
–––––
Keep in mind.
Follow the Shrimp 🦐
The market is testing the static and the dynamic resistance on that level and non the 4h timeframe the price is creating a bull flag as well
How to approach?
Th price needs to create a new breakout from the bullflag and static resistance on 203$ and the market needs to satisfy our rules before new long position. 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 🦐
