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InkyGrip
Oct 27, 2022 11:39 AM

HOTUSDT is creating a descending channel 

Holo / TetherUSBinance

Description

The price retested again the weekly support at 0.0018$
on the daily timeframe the price is creating a descending channel and now the market is testing its key levels at 0.0020 area

How to approach it?
IF the price is going to have a breakout, 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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Follow the Shrimp 🦐

Comment

key level

Comment

18%.
No captions needed
Comments
SwallowPremium
Thank you so much, this does make a lot of sense!
InkyGrip
@SwallowPremium, happy to hear that
AtlasTrades
good one HOTUSDT idea ! I agree with all what you wrote
InkyGrip
@AtlasTrades, awesome
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