The price created a head and shoulders on 4h timeframe.
The market lost the neckline and weekly support, those the price melted until 3.6$ area, the the market has 4h support.
How to approach it?
The price could create a bounce from here, but the local trend remains bearish, so if the price is going to lose the 4h support and retest as new resistance, According to Plancton's strategy, we can set a nice order
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Keep in mind.
Follow the Shrimp 🦐
The market lost the neckline and weekly support, those the price melted until 3.6$ area, the the market has 4h support.
How to approach it?
The price could create a bounce from here, but the local trend remains bearish, so if the price is going to lose the 4h support and retest as new resistance, 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 🦐
