LTCUSDT is creating a pennant
Updated
The price is testing the monthly support on 106$ after a false breakout from the 4h resistance.
On the lower timeframe, 4h timeframe, the price got a rejection from the 0.5Fibonacci level on 111$.
How to approach?
The price needs to grab liquidity and create a clear breakout from the 116$ where the market has the 0.618 Fibonacci resistance and daily one. IF the price is going to satisfy our rules, According to Plancton's strategy, we can set a nice order. The scenario is invalidated if the price is going to lose the 100$ support
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Keep in mind.
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Follow the Shrimp 🦐
On the lower timeframe, 4h timeframe, the price got a rejection from the 0.5Fibonacci level on 111$.
How to approach?
The price needs to grab liquidity and create a clear breakout from the 116$ where the market has the 0.618 Fibonacci resistance and daily one. IF the price is going to satisfy our rules, According to Plancton's strategy, we can set a nice order. The scenario is invalidated if the price is going to lose the 100$ support
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Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
Comment
The price is trying to have a breakout from the pennant!Don't miss it! 👀
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Wait for the breakout
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The price wants to go higher!
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The price is fighting with the 4h resistance.Wait for the new breakout
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Everything as I told you.7% so far
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A clear breakout from the pennant and 4h resistance as I said.Amazing profit so far
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The price is following my drawing and our students made more than 10% Comment
So Far so good!The price is testing the resistance on 128$ after a nice profit after my idea.
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The price is following my arrow! easy 14% here!
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The price is testing the 4h resistance on 132$ after a very nice breakout from the pennant and profit.Now, if the price is going to have a breakout from the resistance, we could see a continuation until the monthly resistance. The breakout is not enough, the price needs to satisfy our rules again!
Don't miss it
14% so far
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