The price is testing an important support at 0.05$. if you check on the left you can see how the price respected that area, it means that this area is very strong.
The seller's pressure is strong, and if the price is going to lose the support we could see a new retest of 0.046$
How to approach?
IF the price is going to lose the support and retest as new resistance, According to Plancton's strategy, we can set a nice order
Don't forget, a simple breakdown is not enough
–––––
Keep in mind.
–––––
Follow the Shrimp 🦐
The seller's pressure is strong, and if the price is going to lose the support we could see a new retest of 0.046$
How to approach?
IF the price is going to lose the support and retest as new resistance, According to Plancton's strategy, we can set a nice order
Don't forget, a simple breakdown is not enough
–––––
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 had a bearish impulse as expected and we made more than a clear 13%.If the price got another rejection from the 4h resistance, the next valid support is
0.04$
Congrats to everyone!
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.
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.