The price got rejections from the dynamic daily resistance as you can see on the upper chart. The price lost the weekly support around 0.022$ and retest it as new resistance.
At the moment the price is testing the previous weekly support on the 0.16$ and lost the 4h support and the price retested as new resistance.
How to approach?
For a long scenario, we need to see a breakout of the 4h resistance and daily resistance. We could see a spike in the weekly support around 0.015$. If the price will get liquidity and the market will shift from bear to the bull, According to Plancton's strategy, we can set a nice order
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Keep in mind.
Follow the Shrimp 🦐
At the moment the price is testing the previous weekly support on the 0.16$ and lost the 4h support and the price retested as new resistance.
How to approach?
For a long scenario, we need to see a breakout of the 4h resistance and daily resistance. We could see a spike in the weekly support around 0.015$. If the price will get liquidity and the market will shift from bear to the bull, 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 🦐
The price is testing the weekly resistance as expected and we made more than 13% after my free call, congrats.
What's next?
If the price is going to recover the previous 4h resistance as new support, we can look for a new long position.
Otherwise, if the price got a new strong rejection from the weekly resistance and dynamic 4h resistance we can remove this setup.
congrats to everybody