ALPHAUSDT is testing the support

The price bounced new the weekly support on 0.09 as I told you in my previous analysis. After the bounce the price tested the daily resistance on 0.5 Fibonacci resistance as I told you in my previous Long idea.

At the moment the price is creating an ascending channel and it's testing the 0.382 Fibonacci level on 4h Timeframe

How to approach it?
IF the price is going to lose the support and retest it as new resistance, 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 🦐

Komentarz:

8% since my idea.

Komentarz:

so far so good.
More if the price is going to lose the local support

Komentarz:

8% since my last idea and 68% since my first one.
If the price is going to lose support we could see another bearish impulse until 0.1$

Komentarz:

The price is creating a bear flag above the support.
More if the price is going to lose support.