the price is testing the weekly resistance on 0.316$, where the price created the neckline of the head and shoulders, and where the market has a supply zone.
Nice volume is incoming right now.
on the 4h timeframe the price had a breakout from the 4h resistance on 0.24$ and a great breakout from the daily dynamic resistance.
How to approach?
The price needs to have a new breakout from the confluence area and retest it as new support. a Breakout is not enough, the price needs to satisfy our rules for a new long position. The next valid resistance is 0.35.
According to Plancton's strategy, we can set a nice order
–––––
Keep in mind.
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Follow the Shrimp 🦐
Nice volume is incoming right now.
on the 4h timeframe the price had a breakout from the 4h resistance on 0.24$ and a great breakout from the daily dynamic resistance.
How to approach?
The price needs to have a new breakout from the confluence area and retest it as new support. a Breakout is not enough, the price needs to satisfy our rules for a new long position. The next valid resistance is 0.35.
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 🦐
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.