ETHUSDT needs to have a breakout from it!
On the monthly timeframe, the price got a rejection from the 0.5 Fibonacci level and on the weekly timeframe, the price created a higher low.
the price is creating a falling wedge on the 4h timeframe and now the price is testing the daily dynamic support.
how to approach?
IF the price is going to have a breakout from the falling wedge and retest the 4h resistance 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 🦐
the price is creating a falling wedge on the 4h timeframe and now the price is testing the daily dynamic support.
how to approach?
IF the price is going to have a breakout from the falling wedge and retest the 4h resistance 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 🦐
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