The price got a rejection from the supply zone as I told you on the previous analysis.
On the daily timeframe, we can see a resistance exactly on 41800$.
On the lower timeframe, the price is testing the previous support area.
The price created a new Higher low after a bounce on 41800, and now the market is looking for the next bounce. the price could create a new Lower higher and then a new Higher low.
How to approach?
If the price is going to lose the 38k Zone and retest it as new support, According to Plancton's strategy, we can set a nice order.
The next valid support remains 34k
–––––
Keep in mind.
–––––
Follow the Shrimp 🦐
On the daily timeframe, we can see a resistance exactly on 41800$.
On the lower timeframe, the price is testing the previous support area.
The price created a new Higher low after a bounce on 41800, and now the market is looking for the next bounce. the price could create a new Lower higher and then a new Higher low.
How to approach?
If the price is going to lose the 38k Zone and retest it as new support, According to Plancton's strategy, we can set a nice order.
The next valid support remains 34k
–––––
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.