The price is trying to have a breakout from the 1.72$ area resistance after an accumulation phase of 58days, very similar to CTK on my previous profit.
The price is creating an ascending channel as well.
How to approach it?
The price could grab new liquidity from the previous support in order to create a new higher low. So if the price is going to have a breakout from the 1.72$ area and retest the current resistance as new support, According to Plancton's strategy, we can set a nice order
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Keep in mind.
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Follow the Shrimp 🦐
The price is creating an ascending channel as well.
How to approach it?
The price could grab new liquidity from the previous support in order to create a new higher low. So if the price is going to have a breakout from the 1.72$ area and retest the current resistance 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
Nice profits hereNote
31% since my idea with double profits for us
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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.