InkyGrip

COMPUSDT is inside a massive descending channel

BINANCE:COMPUSDT   COMP / TetherUS
The price is creating a descending channel inside a main ascending channel on the daily timeframe.
Now the price is testing an important support at 53$

How to approach it?
IF the price is going to have a breakout and retest the current resistance as new support, 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.
  • ⚫️ black structure -> <= 1h structure.
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