KCSUSDT is testing the daily resistance
Updated
The price retested the 0.786 Fibonacci level on the monthly timeframe.
On the daily timeframe, the price is testing the daily resistance on the 19$, as you can see on video, the price got rejections from that area, it means that this area is very strong, and the market needs a clear breakout from it with volume.
On the 4h time frame we can find two supply zone, the first one around 19.5$.
How to approach?
IF the price is going to have a breakout from the daily resistance, According to Plancton's strategy, we can set a nice order
The next valid resistance is 21$
–––––
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
Note
The price needs to create a new breakout!Note
We are waiting for the breakout from the daily resistanceNote
The price is flipping the daily resistance as I told you!Don't miss this GEM!
Note
the price is following my drawing!8% so far, exactly on my circle 😎
Note
Bang 10% so far
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.