ALGOUSDT needs new liquidity for the reverse trade
Updated
The price lost the monthly support and now the price is going to create a falling wedge on the monthly support.
The price had a false breakout from the falling wedge and it got new liquidity for a bearish impulse.
On the 4h timeframe the price is testing the support above the demand zone.
How do you approach it?
IF the price is going to have a breakdown from the 4h support and grab new liquidity, traAccording 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 🦐
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The price is going to grab new liquidity from the demand zone as I told you
let's see!
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The price is following my drawing, on 0.36 The market has a liquidity zone.Let's see!
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the price is testing our Demand zone as I told you.What's next?
The price needs to grab liquidity and create a new breakout from 0.42$
anyway, so far 16% ✍🏻
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The market got the liquidity exactly where I told you.Now the price needs to create a new breakout from the 4h resistance.
Let's see!
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The price is testing the 4h.after the breakdown, the price is testing the resistance as I told you.
Bit Potential and nice gain.
Congrats Planctoners 😎
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Waiting for the breakout and our Rules! 🚀Don't Miss it
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