XLMUSDT is testing 0.5 Fibonacci retracement 🦐

BINANCE:XLMUSDT   Stellar / TetherUS
XLMUSDT is testing 0.5 Fibonacci retracement after had a rejection from monthly resistance.
IF the price will have a breakout from upward and turn the monthly resistance into support According to Plancton's strategy, 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.
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I can dig it
+1 Reply
@KAA777, thanks mate
Very nice and clear :) thank you
+1 Reply
plancton0618 Abu-Sushi
@Abu-Sushi, appreciate your feedback
XLMUSDT is very weak and I don't really see any upside in this market.
BTCUSD extremely overbought as well, so if we get a general market
correction/pullback. this setup won't age well. just be careful
+1 Reply
plancton0618 ProjectSyndicate
@ProjectSyndicate, you are right, for that reason We are waiting for a breakout upward ;)
waiting for the resistance breakout. πŸ»β€β„οΈπŸ™πŸ˜ŠπŸ˜ƒ
+1 Reply
@PolarHusk, yeah. keep waiting. it will take a while. )))
+1 Reply
plancton0618 PolarHusk
@PolarHusk, patience is the key ! chhers bro
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