SANDUSDT is testing the weekly support
Updated
the price is testing a key level on 2.73 on the weekly support where the price got several bounces.
On the 4h timeframe the price is creating a descending channel below the 4h resistance on 2.75$
How to approach?
The price needs to have a clear breakout from the descending channel and retest the 4h resistance as new support and confirm the weekly support.
IF the price is going to have a breakout, 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 creating a descending channel below the 4h resistance on 2.75$
How to approach?
The price needs to have a clear breakout from the descending channel and retest the 4h resistance as new support and confirm the weekly support.
IF the price is going to have a breakout, 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
BOOM! 7% since my previous idea (a few hours ago!)Congrats Planctoners!
Note
11% so far
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