As you can see this area is a key area for the market.
On the weekly timeframe the price is losing the support where the price bounced several times.
On 4h Timeframe the price is trying to have a breakout from the supply zone.
How to approach?
IF the price is going to lose the 4h support, According to Plancton's strategy, we can set a nice order
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Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
Follow the Shrimp 🦐
Comment:
The price is getting the liquidity from the weekly resistance.
IF the price is going to create a new Lower low, we could see a new bearish impulse.
IF the price is going to create a new Lower low, we could see a new bearish impulse.
Comment:
We are running in profit on BNBUSDT
The price lost the status support after a false breakout from the bear flag.
wait for the next target
The price lost the status support after a false breakout from the bear flag.
wait for the next target
Comment:
30%
Comment:
The price is melting until the next monthly Fibonacci level.
37% so far, congrats Planctoners!
37% so far, congrats Planctoners!
If the price is going to have a breakdown, we can apply our rules for a short Position
Don't miss it