the price had a breakout from the daily dynamic resistance and static one on 1.2$ and hot the market is testing the 1.4$ daily resistance.
On the 4h timeframe, the price is creating an ascending channel and got the first rejection from the supply zone on 1.475$
How to approach?
If the price is going to have the breakout from the 1.4$ confluence zone, we could see a new retest of 1.5$. According to Plancton's strategy, we can set a nice order
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Keep in mind.
Follow the Shrimp 🦐
On the 4h timeframe, the price is creating an ascending channel and got the first rejection from the supply zone on 1.475$
How to approach?
If the price is going to have the breakout from the 1.4$ confluence zone, we could see a new retest of 1.5$. 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 price wants the breakout but the Monthly resistance is very hard!
