The price bounced on the 13$ on the daily support and had a breakout from the minor descending channel. The price is creating a big descending channel on the daily timeframe.
On the 4h timeframe the price is testing a key level on 15.80 - 16$.
How to approach?
the price needs to have another breakout from the resistance and retest the previous key level as new support. According to Plancton's strategy, we can set a nice order
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Keep in mind.
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Follow the Shrimp 🦐
On the 4h timeframe the price is testing a key level on 15.80 - 16$.
How to approach?
the price needs to have another breakout from the resistance and retest the previous key level as new support. 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 🦐
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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.