The price is creating a descending channel after a breakout from the dynamic support on 115$
The price is testing the 100$ support eight now but we could see a new bearish impulse soon
How to approach?
IF the price is going to lose the 100$ support, we could see a new bearish impulse until the 0.886 Fibonacci level, 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 100$ support eight now but we could see a new bearish impulse soon
How to approach?
IF the price is going to lose the 100$ support, we could see a new bearish impulse until the 0.886 Fibonacci level, 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.