SUSHI created a rounded Bottom on 0.850$ area where the market formed the accumulation phase exactly on Weekly support (0.911$)
After the breakout the price retests the resistance as new support on 1$ area, and started with Higher High and Higher Low, it had another important breakout from 1.170$.
At the moment the price is in accumulation Phase below the 4h supply, the 1.4$ area is a key level for the market
What's next?
The price needs more volume to continue the bullish movement, so we could see a false breakout from the accumulation phase in order to grab the fresh liquidity and create a breakout of 4h supply zone, so According to Plancton's strategy, we can set a nice order
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Keep in mind.
Follow the Shrimp 🦐
After the breakout the price retests the resistance as new support on 1$ area, and started with Higher High and Higher Low, it had another important breakout from 1.170$.
At the moment the price is in accumulation Phase below the 4h supply, the 1.4$ area is a key level for the market
What's next?
The price needs more volume to continue the bullish movement, so we could see a false breakout from the accumulation phase in order to grab the fresh liquidity and create a breakout of 4h supply zone, so 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 following my second arrow, after a clear false breakout as expected!
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waiting for the breakout after the market followed my arrow!
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still testing
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Still waiting for the breakout
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consolidation below the resistance
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The price needs to create a clear breakout from here
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finally 7%
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21%
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Now the price needs to hold it and grab new liquidity to create a new bullish impulse