LTCUSDT is creating a channel 🦐

LTCUSDT is creating a channel 🦐 below the weekly resistance and above the monthly support.
We are watching the price action and now the market is testing the 4h resistance and dynamic resistance as well.

IF the price is going to have a breakout, According to Plancton's strategy(check our Academy), we can set a nice order
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Follow the Shrimp 🦐

Keep in mind.

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

ความคิดเห็น:

Everyone said LTCUSDT for a long position, we didn't open it because it didn't satisfy our rules.
In fact the price created a channel, and we know that the channel is a continuation pattern to the main trend.

ความคิดเห็น:

Check how the price had a breakout from the purple one.
Don't forget that the purple is the monthly support, in fact, after the breakout the price retest the previous support as new resistance.