the price is testing the support on 13$ on the daily timeframe inside a descending channel.
In the 4h timeframe, the price had a breakout from the bear flag.
At the moment the price is testing important support.
How to approach?
If the price is going to have a breakout and retest the previous support as new 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 🦐
In the 4h timeframe, the price had a breakout from the bear flag.
At the moment the price is testing important support.
How to approach?
If the price is going to have a breakout and retest the previous support as new 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.
–––––
Follow the Shrimp 🦐
Note
The price is testing the 4h support as I told you, we are waiting for the breakout to add it into our watchlist. Be careful about the false breakout!Note
The price is testing our support as expected.bearish if the price is going to have a breakout and satisfy our rules
Note
the price got a rejection from our key level, no strategy triggered so far.Still on my watchlist
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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.
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.