The price is testing the daily resistance inside a descending channel after a double bottom on the weekly support.
On the 4h timeframe, the price got a rejection from the 0.59$.
how to approach?
If the price is going to have a breakout from 4h resistance an retest it as new support, According to Plancton's strategy, we can set a nice order
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Keep in mind.
Follow the Shrimp 🦐
On the 4h timeframe, the price got a rejection from the 0.59$.
how to approach?
If the price is going to have a breakout from 4h resistance an retest it as new support, 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 is testing the daily resistance at 0.58$ as expected. We could have a retrace until 0.5 Fibonacci level before the new bullish impulse and breakout! Let's see!
Comment:
the price is trying to have a breakout from the daily and 4h resistance.
