KAVAUSDT needs a clear breakout to continue the upside

the price retested a key monthly support after a clear bullrun.
Now the price is testing the daily resistance inside a rising wedge

How to approach it?
IF and only IF the price is going to have a clear breakout from the daily and rising wedge and retest the current resistance as new support, According to Plancton's strategy, we can set a nice order
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Keep in mind.

• 🟣 Purple structure -> Monthly structure.
  
• 🔴 Red structure -> Weekly structure.
  
• 🔵 Blue structure -> Daily structure.
  
• 🟡 Yellow structure -> 4h structure.
  

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Follow the Shrimp 🦐

ความคิดเห็น:

As I said during the video, the rising wedge is a reversal pattern, but if the price is going to have a breakout from the daily resistance and retest it as new support, we could have a bullish scenario!

ความคิดเห็น:

The price needs to push up from here!

ความคิดเห็น:

the price needs to invalidate the rising wedge for the bullish scenario!

ความคิดเห็น:

Only if the price is going to flip the 4h resistance