ALICEUSDT is creating a falling wedge. Ready for breakout?
The price is creating a descending channel on the daily timeframe and the price created a double bottom on the monthly support on 5.7$.
On the 4h timeframe the price is trying to create a new higher high inside a falling wedge. After the first impulse the market is testing the 0.5 Fibonacci level.
How to approach?
The price needs to have a breakout from the falling wedge and descending channel, flip the key level on 6.4$. 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.
Follow the Shrimp 🦐
On the 4h timeframe the price is trying to create a new higher high inside a falling wedge. After the first impulse the market is testing the 0.5 Fibonacci level.
How to approach?
The price needs to have a breakout from the falling wedge and descending channel, flip the key level on 6.4$. 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 🦐
