TLMUSDT inverse head and shoulders

Jan 21, 2023

The price is testing the neckline of the inverse head and shoulders.
The price created the rounded bottom pattern as well.

How to approach it?
the price needs to create a breakout from the neckline with volume and retest it as new support, so According to Plancton's strategy, we can set a nice order
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Keep in mind.

• 🟣 Purple structure -> Monthly structure.
  
• 🔴 Red structure -> Weekly structure.
  
• 🔵 Blue structure -> Daily structure.
  
• 🟡 Yellow structure -> 4h structure.
  
• ⚫️ black structure -> <= 1h structure.
  

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Follow the Shrimp 🦐

Jan 22, 2023

Note

17%

Jan 24, 2023

Note

An "inverse head and shoulders" is a bullish reversal pattern that appears on a chart of a financial instrument, typically a stock. It is formed when the price falls to a trough (the "left shoulder"), falls even further to a deeper trough (the "head"), and then rises back to the original trough (the "right shoulder"). The pattern is considered a bullish reversal because it indicates that the downtrend may be ending and a new uptrend may be beginning.

Jan 27, 2023

Note

21%

Jan 28, 2023

Note

a clear 53% after my idea.
congrats Planctoners!