VETUSDT is currently forming a pennant pattern on the chart, which is a continuation pattern that typically occurs after a strong price move. The formation of a pennant pattern suggests that there is a potential for a continuation of the previous uptrend.
However, for the uptrend to continue, the price of VETUSDT needs to hold the support level at the 0.022$ area, where the price has already established liquidity. If the price breaks below this support level and retests it as new resistance, according to Plancton's Rules, new short positions may be considered.
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Follow the Shrimp 🦐
Keep in mind.
However, for the uptrend to continue, the price of VETUSDT needs to hold the support level at the 0.022$ area, where the price has already established liquidity. If the price breaks below this support level and retests it as new resistance, according to Plancton's Rules, new short positions may be considered.
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Follow the Shrimp 🦐
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
- ⚫️ Black structure -> <= 1h structure.
Comment:
Waiting for the breakout from the pennant
