The price had a breakout rom the ascending channel after a rejection from the monthly resistance on 0.918$
On the 4h timeframe, the price had a breakout from the bear flag and now the price lost the 4h support on 0.75$
How to approach?
IF the price is going to lose the next 4h support and satisfy our rules we can open a new short position. The next valid support is the daily one, on 0,69$
According to Plancton's strategy, we can set a nice order
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Keep in mind.
Follow the Shrimp 🦐
On the 4h timeframe, the price had a breakout from the bear flag and now the price lost the 4h support on 0.75$
How to approach?
IF the price is going to lose the next 4h support and satisfy our rules we can open a new short position. The next valid support is the daily one, on 0,69$
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 🦐
