The price is creating a falling wedge on the monthly area on 0.02$
After the breakout, the market got a rejection from the monthly area.
On 4h timeframe, the price is creating a channel below the Monthly resistance.
How to approach?
For a bull scenario, the price needs to get liquidity and it needs to create a clear breakout from the monthly and 4h structure above 0.24$
Otherwise, if the price is going to lose the 0.16$ and confirm the breakout, the next target is the 1.618 Fibonacci on 0.010$
According to Plancton's strategy, we can set a nice order
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Keep in mind.
Follow the Shrimp 🦐
After the breakout, the market got a rejection from the monthly area.
On 4h timeframe, the price is creating a channel below the Monthly resistance.
How to approach?
For a bull scenario, the price needs to get liquidity and it needs to create a clear breakout from the monthly and 4h structure above 0.24$
Otherwise, if the price is going to lose the 0.16$ and confirm the breakout, the next target is the 1.618 Fibonacci on 0.010$
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 🦐
