The price is trying to have a breakout from the daily resistance on the daily timeframe after several rejections.
On the 4h timeframe, the price got liquidity from the demand zone on 4.8$
the price is testing the 4h resistance on 5.2$ on 0.5 Fibonacci level.
How to approach?
If the price is going to have a breakout from that area, we could see a new bullish impulse until the next valid resistance on 5.5$
––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
On the 4h timeframe, the price got liquidity from the demand zone on 4.8$
the price is testing the 4h resistance on 5.2$ on 0.5 Fibonacci level.
How to approach?
If the price is going to have a breakout from that area, we could see a new bullish impulse until the next valid resistance on 5.5$
––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
Nota
The price is following my drawingNota
After a nice profit, the price is testing the old resistance as new support.Nota
41% since my idea
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.