ATOMUSDT is retesting the breakout!
Updated
The price tested the daily support on 24$ with a false breakout. On the daily timeframe we can see a pin candle on the 0.886 Fibonacci level, it's a key level.
On he 4h timeframe, the lower one, the price is trying to have a breakout from the daily descending channel and now the price is retesting the previous 4h resistance as new support ton 28$
How to approach?
The price must confirm the breakout, we could see a retest of the dynamic support.
If the price is going to confirm and satisfy our rules, we can open a new song position according to our rules. The next valid resistance is 40$
–––––
Follow the Shrimp 🦐
Keep in mind.
On he 4h timeframe, the lower one, the price is trying to have a breakout from the daily descending channel and now the price is retesting the previous 4h resistance as new support ton 28$
How to approach?
The price must confirm the breakout, we could see a retest of the dynamic support.
If the price is going to confirm and satisfy our rules, we can open a new song position according to our rules. The next valid resistance is 40$
–––––
Follow the Shrimp 🦐
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
Note
11% so far so goodNote
The price is following my drawing.clear 25% since my idea according to my rules.
Note
The price followed my drawing and the price hit on the monthly structures exactly on the 0.5 Fibonacci level.Note
The rice is pushing until the monthly resistance!Amazing profit so far, more than 25% without any leverage!
We could see another bullish impulse until the 0.618 Fibonacci level.
Congrats to our Students for this profit! 🎯
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.