plancton0618

REEFUSDT is creating a cup and handle

Long
BINANCE:REEFUSDT   REEF / TetherUS
The price is testing important support on the daily timeframe on 0.008$.
On the 4h timeframe the price got liquidity from 0.786-0.886 Fibonacci level and retest again the daily resistance on 0.0096.
Now the price is going to create a cup and handle patter, the price is testing the 0.618 Fibonacci level after the election from the daily resistance and dynamic 4h resistance.

How to approach?
The price needs to have a breakout from the resistance and retest the previous daily resistance as new support. 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.
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Follow the Shrimp 🦐
Comment: The price is testing the daily resistance.
on the 4h timeframe, the price is creating a cup and handle

We are waiting for the breakout
Comment: Breakout and retest as I told you
Comment: 24% without any problem 😎.
Comment: The price is creating an ascending channel on the 4h timeframe after an amazing breakout from the cup and handle and we made more than 32%.

Now, the price needs another breakout from the daily resistance to continue and satisfy our rules for the bullish movement.

Comment: we are waiting for the next bullish impulse
32% so far 🔥


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