Long
ALPHAUSDT is testing the Weekly support
the price tested the key level on 0.35$ on the weekly support. As you can see from the upper chart, this support is strong.
On the lower timeframe, we can see how the price is trying to create a new Higher High.
How to approach?
If the price is going to have a breakout of the 4h Resistance (0.42$) and retest it as new support, According to Plancton's strategy, we can set a nice order
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Keep in mind.
Follow the Shrimp 🦐
On the lower timeframe, we can see how the price is trying to create a new Higher High.
How to approach?
If the price is going to have a breakout of the 4h Resistance (0.42$) and retest it as new support, 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 🦐
Note
The price is still below the 4h resistance. We are waiting for a clear breakout of 0.382 Fibonacci level.
Nice volume so far!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.