The price is testing a key monthly level of 0.68$ where the price bounced several times. Check the upper chart, the price respected that area.
on the lower timeframe (4H) the price had a false breakout from that area.
How to approach?
If the price is going to confirm the breakout from the monthly 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 lower timeframe (4H) the price had a false breakout from that area.
How to approach?
If the price is going to confirm the breakout from the monthly 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.
–––––
Follow the Shrimp 🦐
Note
The price is fighting with the monthly support.If the price is going to have a breakout and satisfy our rules, we could open a new Short Position.
Be careful with the false breakout
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.