ONTUSDT is forming a falling wedge

The price is forming a falling wedge on the daily support at 0.22$ area between the 4h structures.
How to approach it?
The price could get more liquidity from the 0.22-21 area and create a reversal trade.
so, IF AND ONLY IF, the price is going to have a breakout from the falling wedge and 4h resistance and retest 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:

We are waiting for a clear breakout as I said in my idea!

ความคิดเห็น:

The price had a breakout from the falling wedge. We are waiting for the next bullish impulse and breakout