CAKEUSDT is testing the resistance

2022년 3월 22일

The price had a breakout from the daily dynamic resistance and now is trying to have a breakout from the static resistance.
On the 4h timeframe the price is below a supply zone on 7$.

How to approach?
The price needs to create a new bullish impulse and breakout from 7$ and retest that area as new support. According to Plancton's strategy, we can set a nice order
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Keep in mind.

• 🟣 Purple structure -> Monthly structure.
  
• 🔴 Red structure -> Weekly structure.
  
• 🔵 Blue structure -> Daily structure.
  
• 🟡 Yellow structure -> 4h structure.
  

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Follow the Shrimp 🦐

2022년 3월 22일

노트

The price got a bullish impulse and got a rejection from the 4h resistance.
After the rejection, the price bounced on the 0.618 Fibonacci level.
Wait for the breakout from the 4h resistance

2022년 3월 25일

노트

The price had a breakout and now is trying to hold the new support

2022년 3월 29일

노트

24% so far.

2022년 3월 31일

노트

30% so far.

2022년 4월 4일

노트

54% so far so good