The price created a double top on the daily time frame on 0.5$
On the 4h timeframe the price is creating a M pattern and now the market is testing the 0.5 Fibonacci level on the 4h support.
How to approach?
IF the price is going to lose the support and retest it as new resistance, According to Plancton's strategy, we can set a nice order
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Keep in mind.
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Follow the Shrimp 🦐
On the 4h timeframe the price is creating a M pattern and now the market is testing the 0.5 Fibonacci level on the 4h support.
How to approach?
IF the price is going to lose the support and retest it as new resistance, 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 🦐
ノート
The price is testing the 4h support and the dynamic support of the descending channel. Bear if the price is going to lose the supportノート
So far so good 4%ノート
6% so far.If the price confirms the 4h breakout, the next valid support is 0.786 Fibonacci level
ノート
The price wants to retest the 0.786 Fibonacci level as I told you in the main analysisノート
As I told you, The price wanted the 0.786 Fibonacci Levelノート
8% so far, more if the price is going to have a new breakout from the bear flagノート
8% so far, and the price could retest the Daily support after the breakout from the bear flagノート
ノート
33% 🤷🏻♂️
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