The price is testing the monthly support on 106$ after a false breakout from the 4h resistance.
On the lower timeframe, 4h timeframe, the price got a rejection from the 0.5Fibonacci level on 111$.
How to approach?
The price needs to grab liquidity and create a clear breakout from the 116$ where the market has the 0.618 Fibonacci resistance and daily one. IF the price is going to satisfy our rules, According to Plancton's strategy, we can set a nice order. The scenario is invalidated if the price is going to lose the 100$ support
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Keep in mind.
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Follow the Shrimp 🦐
On the lower timeframe, 4h timeframe, the price got a rejection from the 0.5Fibonacci level on 111$.
How to approach?
The price needs to grab liquidity and create a clear breakout from the 116$ where the market has the 0.618 Fibonacci resistance and daily one. IF the price is going to satisfy our rules, According to Plancton's strategy, we can set a nice order. The scenario is invalidated if the price is going to lose the 100$ support
–––––
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 price is trying to have a breakout from the pennant!Don't miss it! 👀
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Wait for the breakout
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The price wants to go higher!
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The price is fighting with the 4h resistance.Wait for the new breakout
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Everything as I told you.7% so far
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A clear breakout from the pennant and 4h resistance as I said.Amazing profit so far
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The price is following my drawing and our students made more than 10% Note
So Far so good!The price is testing the resistance on 128$ after a nice profit after my idea.
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The price is following my arrow! easy 14% here!
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The price is testing the 4h resistance on 132$ after a very nice breakout from the pennant and profit.Now, if the price is going to have a breakout from the resistance, we could see a continuation until the monthly resistance. The breakout is not enough, the price needs to satisfy our rules again!
Don't miss it
14% so far
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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.
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.