Long
XMRUSDT is in the consolidation phase
The price bounced on the monthly support at 122$ where the market got liquidity to retest the weekly resistance on 154$ area.
Now the price is in the consolidation phase below the weekly and daily resistance at 0.5 Fibonacci level
How to approach it?
IF the price is going to have a breakout and retest it as new resistance, 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 🦐
Now the price is in the consolidation phase below the weekly and daily resistance at 0.5 Fibonacci level
How to approach it?
IF the price is going to have a breakout and retest it as new resistance, 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 is inside an ascending channel and now it's testing the lower support.We will wait for the breakout
Note
the price needs to flip the resistanceNote
The price is creating a bullflag above the daily support.
we are waiting for the breakout
Note
Waiting for the 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.