The price lost the demand zone, and now the market is testing the monthly key level.
How to approach it?
If the price is going to have a breakout from the current resistance we could see a pullback until the previous demand zone
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Follow the Shrimp 🦐
Keep in mind.
How to approach it?
If the price is going to have a breakout from the current resistance we could see a pullback until the previous demand zone
–––––
Follow the Shrimp 🦐
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
- ⚫️ Black structure -> <= 1h structure.
Note
No pullback so far, the price is trying to grab new liquidity from the monthly.let's see how the daily closes
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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.
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.