InkyGrip

SUSHIUSDT is creating the head and shoulders

Short
InkyGrip Updated   
BINANCE:SUSHIUSDT   SUSHI / TetherUS
The price is creating the head and shoulders on 4h timeframe after a pullback until 0.5 Fibonacci level on the daily timeframe
How to approach it?
IF the price is going to lose the neckline and restest it as new resistance, 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.
  • ⚫️ black structure -> <= 1h structure.
–––––
Follow the Shrimp 🦐
Comment:
the price is testing the neckline, more down if the market is going to lose it
Comment:
the market is testing the neckline.
Waiting for the breakout
Comment:
13%
Comment:
a perfect head and shoulders
Comment:
a perfect head and shoulders.
congrats Planctoners! 18% so far
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.