plancton0618

MATICUSDT is inside a descending channel and falling wedge 🦐

BINANCE:MATICUSDT   MATIC Network / TetherUS
MATICUSDT is inside a descending channel and falling wedge . The price is testing again weekly (and very important) structure.
IF the price will lose weekly support we can see a new bearish impulse.
IF the price will break the falling wedge and turns the daily resistance as support According to Plancton's strategy, we can set a nice order

Weekly

Monthly

–––––
Follow the Shrimp 🦐

Keep in mind.
  • 🟣 Purple structure -> Monthly structure.
  • 🔴 Red structure -> Weekly structure.
  • 🔵 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 losing important support.
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Comments

Do you consider this a break of the falling wedge? good entry point?
Reply
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