GALAUSDT is testing the support
Güncellendi
The price is testing the daily support after a breakout from the dynamic resistance without volume.
On the 4h timeframe, the price is trying to have a breakout from the dynamic 4h resistance.
How to approach?
IF the price is going to have a breakout from the 4h support on 0.2$ and retest as new resistance, we can add it to our watchlist and wait to apply our rules for open a new short position. The scenario is invalidated if the price is going to have a breakout of 0.24$ with confirmations
––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
On the 4h timeframe, the price is trying to have a breakout from the dynamic 4h resistance.
How to approach?
IF the price is going to have a breakout from the 4h support on 0.2$ and retest as new resistance, we can add it to our watchlist and wait to apply our rules for open a new short position. The scenario is invalidated if the price is going to have a breakout of 0.24$ with confirmations
––––
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 so far, wait for the breakoutNot
The setup is still valid, bear if the price is going to break the support
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.