The price bounced on the daily support of 0.06$ after a big bearish impulse.
On the 4h timeframe, the price is testing the 0.382 Fibonacci level inside a bear flag
How to approach it?
The price could get new liquidity from 0.5 Fibonacci level and create a new bearish impulse. So, if the price is going to lose the bearflag and retest the support as new resistance we could see a double bottom on 0.06$
––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
On the 4h timeframe, the price is testing the 0.382 Fibonacci level inside a bear flag
How to approach it?
The price could get new liquidity from 0.5 Fibonacci level and create a new bearish impulse. So, if the price is going to lose the bearflag and retest the support as new resistance we could see a double bottom on 0.06$
––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
Comment:
14% so far so good!
Comment:
16% after my call
Comment:
The price is creating equal lows above the demand zone.
We could see a new bearish movement in order to grab new liquidity on 0.055$
We could see a new bearish movement in order to grab new liquidity on 0.055$
Comment:
17% so far and the price is going to grab new liquidity from 0.055$ as I Told you.
Comment:
20% so far
Let's see if the market is going to satisfy our rules for a new short position