The price is testing the weekly dynamic support after a breakout from the daily structures on 0.125$. The market is trying to have a bounce from that support and retest the previous support as new resistance.
How to approach?
We are monitoring the price, We will wait for a bounce and we will apply our rules for a new short position. The next valid support is 0.088. the scenario is invalidated if the price is going to have a breakout 0.14$
––––
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.
Not
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
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.
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.