The price had a breakout from the descending channel after a bounce on the daily support on 1.32$. Nice volume so far.
On the 4h timeframe, the price is creating a W pattern where the neckline is on 0.618 Fibonacci level on 1.4$.
Big News ahead on this Coin
How to approach?
We are monitoring the key levels, we could see a retracement until the previous resistance now new support. IF the price is going to satisfy ALL our rules, we could open a new long position with a very nice risk reward
On the 4h timeframe, the price is creating a W pattern where the neckline is on 0.618 Fibonacci level on 1.4$.
Big News ahead on this Coin
How to approach?
We are monitoring the key levels, we could see a retracement until the previous resistance now new support. IF the price is going to satisfy ALL our rules, we could open a new long position with a very nice risk reward
Note
The price got a rejection from the 4h resistance on 1.5$. wait for a retracement on 1.4$ for new liquidityNote
so far so good 20% since my callNote
The price is testing the monthly resistance right now!!27% so far!
Note
The price is testing the 4h resistance after a Clear breakout from the monthly resistance on 1.8$.the market is in accumulation phase and it's retesting the previous resistance as new support.
If the price is going to have a breakout, According to Plancton's strategy, we can set a nice order
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Related publications
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.