The price is testing the dynamic resistance inside the descending channel on the 4h timeframe.
The market bounced several times on the daily key level at 1.61 area, it's the key level
How to approach it?
IF the price is going to lose the daily support and retest as new resistance, According to Plancton's strategy, we can set a nice order
–––––
Keep in mind.
Follow the Shrimp 🦐
The market bounced several times on the daily key level at 1.61 area, it's the key level
How to approach it?
IF the price is going to lose the daily support and retest 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 🦐