Long
XEMUSDT needs to create a breakout
The price is creating an ascending triangle below the daily resistance at 0.053$ area where the price got rejections in the past.
On the 4h timeframe, the price is testing the 4h local support at 0.5$
How to approach it?
The price needs to create a new breakout from the daily historical resistance and retest it a 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 🦐
On the 4h timeframe, the price is testing the 4h local support at 0.5$
How to approach it?
The price needs to create a new breakout from the daily historical resistance and retest it a 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.
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Follow the Shrimp 🦐
Note
The price needs volume and creates a breakout from that 4h resistance.Note
5%Note
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.
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.