The price is testing the weekly dynamic support after a breakout from the daily structures on 0.125$. The market is trying to have a bounce from that support and retest the previous support as new resistance.
How to approach?
We are monitoring the price, We will wait for a bounce and we will apply our rules for a new short position. The next valid support is 0.088. the scenario is invalidated if the price is going to have a breakout 0.14$
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
How to approach?
We are monitoring the price, We will wait for a bounce and we will apply our rules for a new short position. The next valid support is 0.088. the scenario is invalidated if the price is going to have a breakout 0.14$
––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
노트
The price is following my drawing and now the market is testing the old daily resistance.
IF the price is going to lose the support, according to Plancton's rules, we can look for a new short position
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관련 발행물
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.