plancton0618

CHZUSDT is testing the descending channel

Long
BINANCE:CHZUSDT   Chiliz / TetherUS
The price got the liquidity from the demand zone on 0.18 Daily support and now the market is testing the upper trendline of the descending channel and static resistance on 0.618 Fibonacci level.

How to approach? the price needs to have a clear breakout from the 4h resistance and static 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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