TRXUSDT is testing the supply zone

24 May 2022

The price is testing the 0.786 Fibonacci level, it's a key level for the market.
On the weekly timeframe, the price lost the support on 0.083$

On the daily timeframe, the price had a breakout from the daily resistance of 0.072 $ and retested as new support.

On the 4h timeframe, the price needs to create a breakout from the supply zone above the 0.085 and retest as new support.

How to approach it?
IF the price is going to have a breakout and retest the previous resistance as new support, According to Plancton's strategy, we can set a nice order
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Keep in mind.

• 🟣 Purple structure -> Monthly structure.
  
• 🔴 Red structure -> Weekly structure.
  
• 🔵 Blue structure -> Daily structure.
  
• 🟡 Yellow structure -> 4h structure.
  

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Follow the Shrimp 🦐

24 May 2022

Not

The price is testing the resistance 👀