InkyGrip

DOTUSDT is testing the 4h support

Long
BINANCE:DOTUSDT   DOT / TetherUS
The price is testing the 4h support after a rejection from the daily static resistance and the dynamic 4h resistance.
The market created a double bottom on monthly support where it found new liquidity for the new bullish impulse.

How to approach it?
IF the price is going to have a clear breakout from the 4h resistance and daily resistance, 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 🦐
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.