The price is creating an ascending triangle below the daily resistance at 0.053$ area where the price got rejections in the past.
On the 4h timeframe, the price is testing the 4h local support at 0.5$
How to approach it?
The price needs to create a new breakout from the daily historical resistance and retest it a 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 4h timeframe, the price is testing the 4h local support at 0.5$
How to approach it?
The price needs to create a new breakout from the daily historical resistance and retest it a 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 volume and creates a breakout from that 4h resistance.
Comment:
5%
Comment:
15%