the price is inside an ascending channel on the 4h timeframe. The market wants to retest the 0.5 Fiboancci level where it has the supply zone
How to approach it?
IF the price is going to lose the ascending channel and retest the current resistance as new support, 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 the price is going to lose the ascending channel and retest the current resistance as new support, 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.
- ⚫️ black structure -> <= 1h structure.
Follow the Shrimp 🦐