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Long
Updated

WAVESUSDT is trying to have a breakout

469
snapshot
The price is testing the monthly support after a huge red candle and now the market is in consolidation phase between the monthly and weekly structures

on the daily timeframe the price is creating a pennant and the market is trying to have a breakout from it

How to approach?
IF the price is going to have a breakout from the daily and weekly 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 🦐
Note
Wait for the clear breakout from the pennant
snapshot
Note
no rush, the price needs to create a breakout here
snapshot
Note
Wait for the clear breakout from the daily resistance.
Nice volume right now
snapshot
InkyGrip
Chart PatternsHarmonic PatternsTrend Analysis

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.
Chart PatternsHarmonic PatternsTrend Analysis
InkyGrip

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.