The price bounced exactly on the monthly support at 0.088$.
On the 4h timeframe the price created the bearflag and after the breakout the price retested the previous support as new resistance.
How to approach it?
The price needs to create a new breakout from the previous support now resistance, in order to have a pullback until the next order block at 0.618 Fibonacci level, so According to Plancton's strategy, we can set a nice order
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Keep in mind.
Follow the Shrimp 🦐
On the 4h timeframe the price created the bearflag and after the breakout the price retested the previous support as new resistance.
How to approach it?
The price needs to create a new breakout from the previous support now resistance, in order to have a pullback until the next order block at 0.618 Fibonacci level, so 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 🦐
Comment:
The setup is Stills valid
