On the upper chart, we can see the daily timeframe where the price got rejections from the dynamic resistance and the weekly one on 3k.
The price is testing a daily support and the market is trying to hold it on 2560$
On the lower timeframe the price is going to retest the previous zone as new resistance, we could see a pullback on 2610-2640.
How to approach?
We are monitoring the price, if the price is going to have a pullback and got a new rejection from the previous support and retest the daily resistance, According to Plancton's strategy, we can set a nice order
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Keep in mind.
Follow the Shrimp 🦐
The price is testing a daily support and the market is trying to hold it on 2560$
On the lower timeframe the price is going to retest the previous zone as new resistance, we could see a pullback on 2610-2640.
How to approach?
We are monitoring the price, if the price is going to have a pullback and got a new rejection from the previous support and retest the daily 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 retest exactly the 4h resistance as you can see in my previous analysis.
5% so far
5% so far
let's see