ONTBTC is testing the 4h support inside a descending channel. If the price will have a breakout from the descending channel and retest the previous resistance as new support, According to Plancton's strategy(check our Academy), we can set a nice order.
Otherwise, If the price will lose the current support, we could see a retracement until the weekly suppoort.
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Follow the Shrimp 🦐
Keep in mind.
Otherwise, If the price will lose the current support, we could see a retracement until the weekly suppoort.
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Follow the Shrimp 🦐
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
- ⚫️ Black structure -> <4h structure.