plancton0618

VLXUSDT is testing the historical support! Ready for the bounce?

Long
BITTREX:VLXUSDT   Velas / Tether
the price is testing historical support on 0.19$ as you can see on the upper chart, where the previous bullish impulse started.
On the 4h timeframe, the price is creating a descending channel
How to approach?

The price needs to hold the support and have a new breakout from the descending channel and static resistance and retest it 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 🦐

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