LRCUSDT is creating a falling wedge 🦐

BINANCE:LRCUSDT   Loopring / TetherUS
LRCUSDT is creating a falling wedge and now the price is testing the previous resistance as new support.
A long scenario is valid only if the price will have a breakout from the wedge and from the weekly resistance, otherwise, if the price will lose the 4h support, we could see a retest of the weekly support. According to Plancton's strategy (check our Academy), we can set a nice order
Follow the Shrimp 🦐

Keep in mind.
  • 🟣 Purple structure -> Monthly structure.
  • πŸ”΄ Red structure -> Weekly structure.
  • πŸ”΅ Blue structure -> Daily structure.
  • 🟑 Yellow structure -> 4h structure.
  • ⚫️ Black structure -> <4h structure.

Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Comment: The price is testing the 4h resistance. Wait for the breakout and if the price will turn the current resistance into new support, we can look for a long position according to our rules
Comment: Perfect breakout from the falling wedge and now the price is testing the weekly resistance πŸ‘€
Comment: The hope is not a strategy
Comment: Wait for the breakout from the descending channel πŸ‘€
Comment: 10% after the real breakout

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