The price is testing the 4h support on the 16.7$ area after the market created an M pattern.
Now the price is testing its neckline as resistance above the 16.30 area support. It's an important key level for the market.
How to approach it?
If the price is going to have a breakout from the support and retest it as new resistance, According to Plancton's strategy, we can set a nice order
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Keep in mind.
Follow the Shrimp 🦐
Now the price is testing its neckline as resistance above the 16.30 area support. It's an important key level for the market.
How to approach it?
If the price is going to have a breakout from the support and retest it as new resistance, 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.
- ⚫️ black structure -> <= 1h structure.
Follow the Shrimp 🦐
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