The price had a huge bearish impulse, bounced on the weekly support on 0.3$ and had a new breakout.
The price retested the previous support as new resistance and the market went to test again the previous weekly support on 0.2$.
Connecting the lows and the highs, the price is creating a falling wedge exactly on the weekly support.
How to approach? We are monitoring the price, we could see a double bottom on the weekly support. IF the price is going to have a breakout from the falling wedge and 4h resistance, and turn the previous resistance into new support, According to Plancton's strategy, we can set a nice order ––––– Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
––––– Follow the Shrimp 🦐
Note
The price is testing the 4h resistance inside the falling wedge. Wait for the breakout and retest
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A perfect breakout from the falling wedge. a Clear 9% since my FREE call.
Congrats.
Note
so far so good, 19% since my free call
Note
a Perfect breakout from the 4h resistance and our student locked 19% so far! All our signals and analysis are based on our Academy. The next resistance is 0.28$
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