SOLUSDT is inside the ascending channel

31 ม.ค. 2023

SOLUSDT is currently forming an ascending channel, a technical pattern where the price is moving between two upward-slanting parallel lines. This pattern suggests that the price is in a bullish trend and has a bullish outlook.

However, the price recently faced rejections at the 0.618 Fibonacci level resistance, which is a key technical level for traders.
The failure to break above this level raises some concerns about the strength of the bullish trend.

Despite this, the current focus is the static support at the $23 area. If the price falls below this level, it could signal a potential trend reversal and the next target could be the $20 area. As a result, We are closely monitoring the $23 area to determine the future direction of SOLUSDT, so 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.
  

–––––
Follow the Shrimp 🦐

3 ก.พ. 2023

บันทึก

check how the static support worked!
ONLY IF the price is going to lose it.
You must have a strategy!

5 ก.พ. 2023

บันทึก

bearish impulse until the weekly support if the price is going to lose the 4h static support

6 ก.พ. 2023

บันทึก

7 ก.พ. 2023

บันทึก

the price must hold it

8 ก.พ. 2023

บันทึก

Still testing the support

9 ก.พ. 2023

บันทึก

the price is testing the support right now!
Don't miss it
a Possible MTB and CPS strategies

10 ก.พ. 2023

บันทึก

10 ก.พ. 2023

บันทึก

Cleat breakout and retest. Now the price is testing the support
More if the price is going to lose it

13 ก.พ. 2023

บันทึก

more if the price is going to lose the support!