The price is in the consolidation phase between the monthly and weekly resistance
On the 4h timeframe the price had a breakout and retest the previous resistance as new support.
how to approach it?
IF the price is going to have a breakout from the weekly resistance and retest as new support, According to Plancton's strategy, we can set a nice order
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Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.