The price had a breakout from the descending channel on the daily timeframe after a bounce on the weekly support on 0.91$.
On the lower timeframe (4h) the price is creating a pennant below the monthly resistance and above the 4h support. the market printed a false breakout from the pennant and monthly structure.
How to approach?
We are monitoring the price, we are waiting for the breakout from the pennant with volume. IF the price is going to have a breakout and retest monthly resistance as new support, According to Plancton's strategy, we can set a nice order
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Keep in mind.
Follow the Shrimp 🦐
On the lower timeframe (4h) the price is creating a pennant below the monthly resistance and above the 4h support. the market printed a false breakout from the pennant and monthly structure.
How to approach?
We are monitoring the price, we are waiting for the breakout from the pennant with volume. IF the price is going to have a breakout and retest monthly resistance as new support, According to Plancton's strategy, we can set a nice order
–––––
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
Follow the Shrimp 🦐
Comment:
the price is trying to have a breakout
Comment:
The price needs to flip the monthly resistance for a bullish scenario
Comment:
the price needs to have a breakout from the monthly resistance!
Comment:
The price is testing the monthly resistance on 1.12$. The price needs to flip it with volume and retest!
Comment:
Keep calm, the price needs to create a breakout from the monthly resistance
Comment:
Bang!
20% since my call!
20% since my call!
Comment:
36% after my call 😎
