The price is testing the daily support on the 1200$ area where the market created a support.
the price is inside a descending channel and now the market is trying to create a breakout
How to approach it?
IF the price is going to create a breakout and grab new liquidity, we can expect a new bearish impulse below the daily support, so 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 🦐
the price is inside a descending channel and now the market is trying to create a breakout
How to approach it?
IF the price is going to create a breakout and grab new liquidity, we can expect a new bearish impulse below the daily support, so 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.
- ⚫️ black structure -> <= 1h structure.
–––––
Follow the Shrimp 🦐
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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.