The price had a breakout from the daily support on 5$ area after a consolidation phase. Now the price is testing the 0.5 Fiboancci level and the market is creating a triangle below the weekly resistance
How to approach it?
IF and only IF the price is going to have a breakout from the weekly resistance and retest the 4h resistance as new support on 9.5$ area, 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?
IF and only IF the price is going to have a breakout from the weekly resistance and retest the 4h resistance as new support on 9.5$ area, 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:
Still, in play, the price needs to flip the resistance as I told you in my idea
Comment:
The price needs to create a breakout from here to continue the up trend