The market had a breakout from the weekly support of 10$ and daily support as well on 9%.
The price is testing the dynamic support as new resistance.
On the 4h Timeframe, we can see that the price is testing the support on 8.3$ after a new rejection from the 9.5$ area.
How to approach?
We need to monitor the price of Bitcoin as well. IF the price is going to have a clear breakout from the current support and flip into new resistance, 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 testing the dynamic support as new resistance.
On the 4h Timeframe, we can see that the price is testing the support on 8.3$ after a new rejection from the 9.5$ area.
How to approach?
We need to monitor the price of Bitcoin as well. IF the price is going to have a clear breakout from the current support and flip into new resistance, 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.
–––––
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.
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.