The price lost the support on 22$ where I draw the daily structure. After a breakdown from it, the price retested the 21$ as new resistance, got new liquidity, and create a new bearish impulse.
Now the price is testing the 16$ as local support.
How to approach it?
The price wants to retest the daily support on 14$, so if the price is going to lose the support, According to Plancton's strategy, we can set a nice order
–––––
Keep in mind.
–––––
Follow the Shrimp 🦐
Now the price is testing the 16$ as local support.
How to approach it?
The price wants to retest the daily support on 14$, so if the price is going to lose the 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 🦐
Note
The price is testing the daily support as I told you.10% so far
Note
clear 11% and more if the price is going to lose the daily support!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.