The price is creating a falling wedge on the daily timeframe. After an amazing bull run, the price is going to retest the start point around 0.041$
On 4h Timeframe, the price is testing the support around 0.47$.
How to approach?
We are monitoring the price, we could see a retest around 0.042-41$ on the previous daily support. If the price will get liquidity and will have the breakout from the dynamic daily resistance and 4h resistance, According to Plancton's strategy, we can set a nice order
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Keep in mind.
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Follow the Shrimp 🦐
On 4h Timeframe, the price is testing the support around 0.47$.
How to approach?
We are monitoring the price, we could see a retest around 0.042-41$ on the previous daily support. If the price will get liquidity and will have the breakout from the dynamic daily resistance and 4h resistance, 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.
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Follow the Shrimp 🦐
Note
the price had a breakout from the daily support and we made more than 24% since my previous call.The reverse scenario could occur if the price is going to have a new breakout from 0.45$ otherwise the next valid support is 0.30$
Note
The price had a breakdown from the daily resistance and now the market is trying to follow my drawing. We are waiting for a breakout to apply our rules.24% since my call! Congrats to everyone
Note
new rejection, new profit.34%
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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.
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.