UTKUSDT is creating a falling wedge

12 мар. 2022 г.

The price is creating a falling wedge on the daily timeframe, and the market retested the daily support on the dynamic support and static on 0.17$

On the 4h timeframe, the price is creating an ascending channel and the market is trying to have a breakout from the daily resistance on 0.26$

How to approach?
If the price is going to have a breakout and retest the previous resistance as 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 🦐

14 мар. 2022 г.

Заметка

the price got a rejection from the daily resistance and the market didn't trigger our strategies.

we can remove it from our watchlist now