The price is inside a descending channel on the 4h timeframe after the market bounced on the dynamic support on the daily one.
Not the price is testing an important resistance on the 1.4$ area.
How to approach it?
IF the price is going to have a breakout from the resistance and retest it as new support, According to Plancton's strategy, we can set a nice order
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Keep in mind.
Follow the Shrimp 🦐
Not the price is testing an important resistance on the 1.4$ area.
How to approach it?
IF the price is going to have a breakout from the resistance and retest it 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.
Follow the Shrimp 🦐
Comment:
The price needs to create a clear breakout from the descending channel
