The price bounced exactly on 1.618 Fibonacci Extension and now the market is testing the 4h resistance on 0.382 Fibonacci level.
The price needs to create a new bullish impulse on 0.006$ and create a new Higher High.
How to approach?
If the price is going to have a breakout from it, According to Plancton's strategy, we can set a nice order
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Keep in mind.
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Follow the Shrimp 🦐
The price needs to create a new bullish impulse on 0.006$ and create a new Higher High.
How to approach?
If the price is going to have a breakout from it, 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 analysis is still valid, the price needs to create a new Higher high a satisfy our Plancton's rules.Let's see!
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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.