The market is testing an important supply zone as you can see on the daily timeframe. (the upper chart).
On the 4h Timeframe (lower chart) the price had a breakout from the triangle after a false breakout but got a rejection from the previous support now new resistance.
Now the price is testing the dynamic resistance around 0.5$ and static 4h resistance.
How we can approach this scenario?
We'd like to see a clear breakout from the dynamic resistance and retest the previous resistance as new support.
0.55$ could be a safe place to apply our strategies and open a new long position.
–––––
Follow the Shrimp 🦐
Keep in mind.
On the 4h Timeframe (lower chart) the price had a breakout from the triangle after a false breakout but got a rejection from the previous support now new resistance.
Now the price is testing the dynamic resistance around 0.5$ and static 4h resistance.
How we can approach this scenario?
We'd like to see a clear breakout from the dynamic resistance and retest the previous resistance as new support.
0.55$ could be a safe place to apply our strategies and open a new long position.
–––––
Follow the Shrimp 🦐
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
- ⚫️ Black structure -> <4h structure.
ノート
The price is testing the 4h resistance after a shy attempt of the breakout from the descending channel. No volume so far.
Bullish above 0.49$
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免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。