FILUSDT is creating a descending channel

the price is testing an important support zone on the weekly support.
After a daily breakdown, the price retested the previous support as new resistance and now the price is creating a descending channel on the weekly support and below the daily resistance.

The market starts with a higher high and higher low below the major daily resistance.

How we can approach it?
We need to wait and see a clear breakout of daily resistance and descending channel , retest the previous resistance as new support. Only in that case we could apply the Plancton's rules to open a new long position.

Follow the Shrimp 🦐

Keep in mind.
  • 🟣 Purple structure -> Monthly structure.
  • 🔴 Red structure -> Weekly structure.
  • 🔵 Blue structure -> Daily structure.
  • 🟡 Yellow structure -> 4h structure.


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