IOSTUSDT is creating a descending channel
The price is testing the 0.786 Fibonacci level on the daily timeframe on the weekly support (0,028$)
On the 4h timeframe the price is creating the main descending channel and the market is creating a channel within it.
How to approach?
The price could retest again the 4h demain on 0.027 if the price is going to lose the dynamic support. According to Plancton's strategy, we can set a nice order
The scenario is invalidated if the price is going to have a breakout above the monthly resistance (0.32$)
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Keep in mind.
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Follow the Shrimp 🦐
On the 4h timeframe the price is creating the main descending channel and the market is creating a channel within it.
How to approach?
The price could retest again the 4h demain on 0.027 if the price is going to lose the dynamic support. According to Plancton's strategy, we can set a nice order
The scenario is invalidated if the price is going to have a breakout above the monthly resistance (0.32$)
–––––
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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