NEARUSDT is creating equal lows. Ready for the reverse trade?
The price lost important support from 7.3$ where the market created an M pattern and the price retested as new resistance.
On the daily timeframe the price bounced from 5.1$ where the market creates a demand zone.
on 4H timeframe the price is creating equal lows on 5.1$
How to approach it?
The price could grab the new liquidity from the demand zonw on 5$ and create a reversal movement, 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 🦐
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.