The price had a clear breakout from the daily resistance and retest the Fibonacci level (0.618) as new support. Now the price is trying to accumulate long position in order to have a clear breakout from the descending channel
How to approach it? IF the price is going to have a breakout and retest the resistance as new support, 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 🦐
Kommentera
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The price is testing key levels right now, don't miss it!
Kommentera
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the price had the breakout as I told you. 4% so far, we are monitoring the price in order to apply our rules. don't miss it
The chart is pretty good, as is the idea in general. But the risks are quite high right now. I wonder what your risk-management strategy is for this trade?