BTCUSDT is creating a bullish pennant, and now the price is testing the previous upper trendline (ascending channel) IF the price will have a new breakout from 4h resistance, and flip into new local 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 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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waiting for the breakout and confirmation
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Everything as expected!
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29k
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The price is inside the ascending channel and retested 0.5 Fibonacci level. Waiting for seeing if preview resistance is the new support