The price is creating a descending channel after the breakout from the falling wedge as I told you on my previous idea
On the daily timeframe the price is testing the key level on 150$ and the market is trying to protect the low. On the 4h timeframe the price got a rejection from the daily resistance on 175$
How to approach?
The price needs to have a new breakout from the 4h dynamic resistance and daily resistance. the next valid key level is 190$. According to Plancton's strategy, we can set a nice order
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Keep in mind.
Follow the Shrimp 🦐
On the daily timeframe the price is testing the key level on 150$ and the market is trying to protect the low. On the 4h timeframe the price got a rejection from the daily resistance on 175$
How to approach?
The price needs to have a new breakout from the 4h dynamic resistance and daily resistance. the next valid key level is 190$. 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 🦐
