InkyGrip

HBARUSDT is testing the descending channel

Long
InkyGrip Updated   
BINANCE:HBARUSDT   Hedera Hashgraph / TetherUS
The price tested the 4h support at 0.635$ where the price created a local double bottom.
Now the price is testing the descending channel as resistance

How to approach it?
IF the price is going to have a breakout from it, 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 🦐
Comment:
The price needs to create a clear breakout from here
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.