The price is testing the daily support on 60$ area inside a falling wedge on the 4h timeframe.
The price needs to create a breakout from the 63$ area and retest it as new support.
The market must to hold the dynamic daily support as well
How to approach?
IF the price is going to have a breakout from the falling wedge and retest the 4h resistance as new support, According to Plancton's strategy, we can set a nice order
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Keep in mind.
Follow the Shrimp 🦐
The price needs to create a breakout from the 63$ area and retest it as new support.
The market must to hold the dynamic daily support as well
How to approach?
IF the price is going to have a breakout from the falling wedge and retest the 4h resistance as new support, 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 the falling wedge
Let's see!