IOTXUSDT is testing the 4h resistance
Updated
The price had a breakout from the bull flag and retest the 4h resistance on 0.10$.
This area is very strong, if you look on the left you can see that the price got bounces and rejections from it, it means that the market "suffers" on this area
How to approach?
The price needs to have a new breakout from the resistance and confirm it. As you can see, the breakout is not enough, before the price had a false one, for that reason we are following Plancton's rules to open a new position. So, IF the price is going to confirm the flip, 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 🦐
This area is very strong, if you look on the left you can see that the price got bounces and rejections from it, it means that the market "suffers" on this area
How to approach?
The price needs to have a new breakout from the resistance and confirm it. As you can see, the breakout is not enough, before the price had a false one, for that reason we are following Plancton's rules to open a new position. So, IF the price is going to confirm the flip, 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
Wait for the clear breakout from the dynamic resistance
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