The market is testing the 0.786 Fibonacci level on the monthly timeframe.
The price got rejections from the daily dynamic resistance and the market lost the daily support.
On the 4h timeframe, the price is testing important support.
How to approach?
If the price is going to have a breakout from that 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 🦐
The price got rejections from the daily dynamic resistance and the market lost the daily support.
On the 4h timeframe, the price is testing important support.
How to approach?
If the price is going to have a breakout from that 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:
Comment:
the price is testing the previous dynamic support as new resistance.
bearish if the price is going to lose the 4h support on 2500$ and satisfy Our Rules.
A breakout is not enough to open a new short position!
bearish if the price is going to lose the 4h support on 2500$ and satisfy Our Rules.
A breakout is not enough to open a new short position!
