KCSUSDT is testing the daily resistance
the price created a double bottom on the weekly support (the red one) on the 0.5 Fibonacci level.
After the breakout, retested the previous resistance as new support (on 4h timeframe)
The price got a rejection from the daily resistance and 4h dynamic resistance.
How to approach?
IF the price is going to have a breakout from the dynamic resistance and daily resistance with volume, we can add in our watchlist and wait to apply our rules in order to find a new long opportunity.
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Follow the Shrimp 🦐
Keep in mind.
After the breakout, retested the previous resistance as new support (on 4h timeframe)
The price got a rejection from the daily resistance and 4h dynamic resistance.
How to approach?
IF the price is going to have a breakout from the dynamic resistance and daily resistance with volume, we can add in our watchlist and wait to apply our rules in order to find a new long opportunity.
–––––
Follow the Shrimp 🦐
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
the price didn't trigger our strategies, the market needs to satisfy our rules before a new position.
the price got a rejection from the daily resistance and now it's testing again the weekly support.