CHZUSDT The price is creating a descending channel on the daily timeframe and now the market is testing the upper trendline after a rejection from the 0.5 Fibonacci level.On the 4h Timeframe the price is trying to create a new Higher low.
How to approach?
We need to see a clear breakout from the 0.24$ with volume. After the breakout 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.