The price is forming a falling wedge on the daily support at 0.22$ area between the 4h structures.
How to approach it?
The price could get more liquidity from the 0.22-21 area and create a reversal trade.
so, IF AND ONLY IF, the price is going to have a breakout from the falling wedge and 4h resistance and retest 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 🦐
How to approach it?
The price could get more liquidity from the 0.22-21 area and create a reversal trade.
so, IF AND ONLY IF, the price is going to have a breakout from the falling wedge and 4h resistance and retest 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
We are waiting for a clear breakout as I said in my idea!Note
The price had a breakout from the falling wedge. We are waiting for the next bullish impulse and breakout
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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.