REEFUSDT is testing the daily support and the price is creating a descending channel on 4h timeframe.
IF the price is going to have a breakdown, According to Plancton's strategy (check our Academy ), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue...
REEFUSDT is creating a pennant below the weekly resistance.
IF the price is going to have a breakout, According to Plancton's strategy (check our Academy ), we can set a nice order
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow...
REEFUSDT is testing the 4h resistance, if the price is going to have a breakout, According to Plancton's strategy (check our Academy ), we can set a nice order
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
...
REEFUSDT is inside an ascending channel. If the price is going to have a breakout and turn the weekly resistance into new support, According to Plancton's strategy (check our Academy ), we can set a nice order
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily...
We rejected the current structure and we are currently waiting for a retracement to our entry. Short-term traders, you could short this as well to targets but be cautious as you trade against trends.
Option 2 is a breakout and retest of the structure with the same target points.
