The price is inside a descending channel below the 58$ area, it's a jey level.
On the daily timeframe the price is creating a cup and handle and the price bounced exactly on the 0.618 Fibonacci level.
How to approach it?
IF the price is going to have a breakout from the descending channel and static resistance, 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 creating a cup and handle and the price bounced exactly on the 0.618 Fibonacci level.
How to approach it?
IF the price is going to have a breakout from the descending channel and static resistance, 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.
- ⚫️ black structure -> <= 1h structure.
Follow the Shrimp 🦐
הערה:
Still waiting for the breakout
הערה:
Cup and Handle in play
הערה:
The price is testing the daily resistance right now.
Bug Cup and handle in play
Bug Cup and handle in play
הערה:
Breakout as expected!
הערה:
Breakout as expected!
9% so far
9% so far