plancton0618

XLMUSDT is trying to have a new breakout

Long
BINANCE:XLMUSDT   Stellar / TetherUS
The price is creating a descending channel on the daily timeframe after a retest on the monthly support on 0.16$.

on the 4h timeframe the price grabs new liquidity from the 4h support and now it's trying again to have a new breakout from the daily resistance.

How to approach?
IF the price is going to have a breakout from the daily resistance,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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