SUSHI created a rounded Bottom on 0.850$ area where the market formed the accumulation phase exactly on Weekly support (0.911$)
After the breakout the price retests the resistance as new support on 1$ area, and started with Higher High and Higher Low, it had another important breakout from 1.170$.
At the moment the price is in accumulation Phase below the 4h supply, the 1.4$ area is a key level for the market
What's next?
The price needs more volume to continue the bullish movement, so we could see a false breakout from the accumulation phase in order to grab the fresh liquidity and create a breakout of 4h supply zone, so 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 🦐
After the breakout the price retests the resistance as new support on 1$ area, and started with Higher High and Higher Low, it had another important breakout from 1.170$.
At the moment the price is in accumulation Phase below the 4h supply, the 1.4$ area is a key level for the market
What's next?
The price needs more volume to continue the bullish movement, so we could see a false breakout from the accumulation phase in order to grab the fresh liquidity and create a breakout of 4h supply zone, so 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.
- ⚫️ black structure -> <= 1h structure.
–––––
Follow the Shrimp 🦐
Note
The price is testing the Fibonacci level as I mentioned Before in my idea.Now the price needs to hold it and grab new liquidity to create a new bullish impulse
Note
The price is following my second arrow, after a clear false breakout as expected!Note
waiting for the breakout after the market followed my arrow!Note
still testingNote
Still waiting for the breakoutNote
consolidation below the resistanceNote
The price needs to create a clear breakout from hereNote
finally 7%Note
21% Note
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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.