RSRUSDT is testing the weekly support

19 февр. 2022 г.

The price got rejections from the dynamic daily resistance as you can see on the upper chart. The price lost the weekly support around 0.022$ and retest it as new resistance.

At the moment the price is testing the previous weekly support on the 0.16$ and lost the 4h support and the price retested as new resistance.

How to approach?
For a long scenario, we need to see a breakout of the 4h resistance and daily resistance. We could see a spike in the weekly support around 0.015$. If the price will get liquidity and the market will shift from bear to the bull, 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 🦐

21 февр. 2022 г.

Заметка

The price is testing the weekly resistance as expected and we made more than 13% after my free call, congrats.

What's next?
If the price is going to recover the previous 4h resistance as new support, we can look for a new long position.
Otherwise, if the price got a new strong rejection from the weekly resistance and dynamic 4h resistance we can remove this setup.

congrats to everybody