The price is creating a descending channel below the 0.382 Fibonacci level at 0.034$ area.
The price bounced exactly on the lower trendline of the ascending channel and now the market is testing a confluence zone.
How to approach it?
IF the price is going to have a breakout from the descending channel and 4h 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 🦐
The price bounced exactly on the lower trendline of the ascending channel and now the market is testing a confluence zone.
How to approach it?
IF the price is going to have a breakout from the descending channel and 4h 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 🦐