ZRXUSDT createad a double bottom 🦐
Aggiornato
the price created a double bottom on the monthly support on 0.44$ after a ew rejections from the daily dynamic resistance.
On the 4h timeframe, the price is testing the daily resistance on 0.51 at 0.382 Fibonacci level, with nice volume.
How to Approach?
We are monitoring the price, we want to see a clear breakout from the daily resistance and retest it as new support in order to apply ourrules for a new long position.
Next resistance is 0.55$.
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
On the 4h timeframe, the price is testing the daily resistance on 0.51 at 0.382 Fibonacci level, with nice volume.
How to Approach?
We are monitoring the price, we want to see a clear breakout from the daily resistance and retest it as new support in order to apply ourrules for a new long position.
Next resistance is 0.55$.
––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
Nota
Bullish if the price is going to have a breakout from the 4h resistanceNota
9% so far
Nota
13% so far so good! Trade chiuso: obiettivo raggiunto
80% 🦐
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