COTIUSDT is creating a bear flag
Updated
the price created a double bottom on the daily timeframe on the 0.17 as you can see on the upper chart.
on the 4 timeframe, the price is creating a bear flag after a false breakout from the flag and the rejection from 0.22 resistance.
How to approach it?
The price could have a new breakout in order to grab new liquidity from the demand zone at 0.155$ So uf the price is going to have a breakout, According to Plancton's strategy, we can set a nice order
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Keep in mind.
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Follow the Shrimp 🦐
on the 4 timeframe, the price is creating a bear flag after a false breakout from the flag and the rejection from 0.22 resistance.
How to approach it?
The price could have a new breakout in order to grab new liquidity from the demand zone at 0.155$ So uf the price is going to have a breakout, 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.
–––––
Follow the Shrimp 🦐
Note
28% so farNote
47%
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