The price bounced on 0.5 Fibonacci level as I told you in my previous Short analysis, now the price is testing the descending channel and daily resistance at 1666$ area.
How to approach it?
The price needs to create a new breakout with volume with that area and retest the current resistance as new support. thus, if the price is going to have a breakout, According to Plancton's strategy, we can set a nice order
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Keep in mind.
Follow the Shrimp 🦐
How to approach it?
The price needs to create a new breakout with volume with that area and retest the current resistance as new support. thus, if the price is going to have a breakout, 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 needs to create a clear breakout from 1700$
Comment:
The critical area, the price needs to hold the dynamic support and flip the 1680$ area.
Let's see
Let's see
Comment:
Breakout!
Now the price needs to hold it
Now the price needs to hold it
Comment:
The price needs to confirm the flip and retest the resistance as new support
Comment:
6% since my idea.
Comment:
I'd like to see the neckline flip