THETAUSDT is testing the 4h support
The price got the rejection from 4.3$ where the market has a daily resistance.
on the 4h Timeframe the price lost the 4h dynamic support and not it's testing the static support on 3.2$
How to approach?
IF the price is going to lose the daily support of 3.1$ we could see a new bearish impulse 2.8$, According to Plancton's strategy, we can set a nice order
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Keep in mind.
Follow the Shrimp 🦐
on the 4h Timeframe the price lost the 4h dynamic support and not it's testing the static support on 3.2$
How to approach?
IF the price is going to lose the daily support of 3.1$ we could see a new bearish impulse 2.8$, 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 creating a bear flag, more if the price is going to have a breakout from it
