plancton0618

COMPUSDT is creating an ascending channel

Short
BINANCE:COMPUSDT   COMP / TetherUS
The price is creating a descending channel on the 4h timeframe after a rejection from 54$. Inside the descending channel , the price is creating an ascending channel and the price got a rejection from the dynamic and static 4h resistance.

How to approach it?
IF the price is going to have a breakout from the support, and retest the support as new 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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Follow the Shrimp 🦐
Comment: The price had a rejection from the resistance inside a descending channel
Wait for the breakout

🦐 FOLLOW THE SHRIMP🦐

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