AXSUSDT The price bounced on the 0.786 Fibonacci level after an amazing bullrun. As you can see on the daily timeframe (the upper one) 50$ is a Key level.On 4h Timeframe, the price is creating a descending channel, it tried to have a breakout from the static 4h resistance but got a rejection so far
How to Approach?
IF the price is going to have a breakout of the 4h resistance (67$) According to Plancton's strategy, we can set a nice order
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Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
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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.