ENJUSDT is testing the Daily Support
Updated
The price is creating a descending channel on the daily timeframe and had a breakout from the dynamic support and bear flag.
Now the price is testing important daily support on 1.4$
How to approach?
We are monitoring the price, we expect a bounce around 1.6$. If the price got liquidity and the market is going to lose the current support and flip it in new resistance, we can apply our rules to open a new short position
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Follow the Shrimp 🦐
Keep in mind.
Now the price is testing important daily support on 1.4$
How to approach?
We are monitoring the price, we expect a bounce around 1.6$. If the price got liquidity and the market is going to lose the current support and flip it in new resistance, we can apply our rules to open a new short position
–––––
Follow the Shrimp 🦐
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
Note
The price is testing the 1.4$ as support, we could see a new bearish impulse fi the price is going to have a breakout.
Note
It was a trading view request.The price followed my drawing and after the breakout, we made more than 14% by my FREE call.
We could see a retest on the daily resistance, if the price is going to have another rejection, the next valid support is 0.90
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