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InkyGrip
Jun 13, 2022 6:43 AM

DOTUSDT is creating a falling wedge Long

DOT / TetherUSBinance

Description

After an amazing profit, the price is testing the monthly support on 6.7$

on the 4h timeframe the market creates the falling wedge below the 4h resistance.

How to approach it?
IF the price is going to have a breakout from the falling wedge and daily resistance on 8$, 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 🦐
Comments
Solldy
Genius! Not the most standard analysis, but for this asset it describes well the scenario of its movement.
InkyGrip
@Solldy, appreciate it
AtlasTrades
good one DOT/USDT idea ! I agree with all what you wrote
InkyGrip
@AtlasTrades, excellent
mastershark
💥💥💥
InkyGrip
@mastershark, thanks shark
KlejdiCuni
Great setup.
InkyGrip
@KlejdiCuni, you rock
Investroy
Nice one, shrimp 🦐
InkyGrip
@Investroy, cool buddy
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