Falling Wedge Formation: The price of WOOUSDT is currently trading within a falling wedge pattern on the 4-hour timeframe. A falling wedge is a technical chart pattern characterized by converging trendlines that slope downward. This pattern often indicates a potential reversal from a downtrend to an uptrend.
Plancton's Rules Application: As per your analysis and Plancton's Rules, you're considering a new long position if the price successfully breaks out from the dynamic and static resistance levels. A long position involves buying the asset with the expectation that its price will rise, aligning with the anticipated bullish momentum indicated by the breakout attempt.
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 🦐
Plancton's Rules Application: As per your analysis and Plancton's Rules, you're considering a new long position if the price successfully breaks out from the dynamic and static resistance levels. A long position involves buying the asset with the expectation that its price will rise, aligning with the anticipated bullish momentum indicated by the breakout attempt.
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 🦐
Note
Still waiting for the breakout form the falling wedge
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.