The price bounced exactly in the 1.127 Fibonacci Extension on 17.25$ and the market started with a triangle on 4h timeframe.
now the price is testing the 4h resistance at 24.5$ where the price got a rejection a few days ago.
How to approach it?
the price needs to have a new breakout from the resistance and retest the resistance as new support. 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 the 4h resistance at 24.5$ where the price got a rejection a few days ago.
How to approach it?
the price needs to have a new breakout from the resistance and retest the resistance as new 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 🦐
