Litecoin / TetherUSUpdated LTCUSDT is testing the key level
LTCUSDt is currently testing the key level at 96$ area within a rising wedge pattern.
A rising wedge is a bearish pattern formed by two upward sloping trendlines that converge, indicating a potential trend reversal. In this case, a false breakout could occur if the price breaches the key level but then quickly reverses and falls below the level.
A false breakout can be an opportunity for traders to enter the market and take advantage of new liquidity.
If the price does break out of the key level, it is important to closely monitor the market and make a decision on whether to open a trade based on further market developments, According to Plancton's strategy, we can set a nice order
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Keep in mind.
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Follow the Shrimp 🦐
A rising wedge is a bearish pattern formed by two upward sloping trendlines that converge, indicating a potential trend reversal. In this case, a false breakout could occur if the price breaches the key level but then quickly reverses and falls below the level.
A false breakout can be an opportunity for traders to enter the market and take advantage of new liquidity.
If the price does break out of the key level, it is important to closely monitor the market and make a decision on whether to open a trade based on further market developments, 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.
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Follow the Shrimp 🦐
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let's see! Note
the price is testing the support as I told youNote
the price is following my arrow, now the price needs to hold the daily support or the next target could be 90Rising wedge is a bearish chart pattern in technical analysis that occurs when the price of an asset moves higher within a converging price range, creating a wedge shape on the price chart. It is characterized by two upward sloping, converging trendlines connecting a series of highs and lows. A breakdown from the rising wedge pattern signals a potential trend reversal and indicates a likely price decrease.
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waiting for the new breakout and confirmNote
The price is testing the support as I told you
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Clear breakout and 6% so farCongrats Planctoners a clear MTB and CPS strategies here
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The price is testing the support as I told you.nice 6%, more if the price is going to lose it
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