LTCUSDT is creating a falling wedge
Updated
The price is creating a descending channel on the daily timeframe after a bounce from the weekly area.
On the 4h timeframe the price is going to create a falling wedge.
So how to approach?
IF the price is going to have a breakout from the resistance and retest as new support, 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 🦐
On the 4h timeframe the price is going to create a falling wedge.
So how to approach?
IF the price is going to have a breakout from the resistance and retest 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 🦐
Note
the price is following my drawing, 5% so far!
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