The price is inside a descending channel on the 4h timeframe and now the price is testing the 4h local resistance. We could see a breakout of it and retest of the daily descending channel.
The weekly candle is bearish so far.
If the price will have a rejection from these levels, we can looking for a short position According to Plancton's strategy (check our Academy)
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Follow the Shrimp 🦐
Keep in mind.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
The weekly candle is bearish so far.
If the price will have a rejection from these levels, we can looking for a short position According to Plancton's strategy (check our Academy)
–––––
Follow the Shrimp 🦐
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
- ⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Comment:
The price bounced on the first 4h resistance so far. Waiting for next bearish impulse
Comment:
the price had a rejection as expected
Trade closed: target reached:
30k as expected.
