PEOPLEUSDT broadening pattern in Action
The price is testing the daily resistance inside a broadening pattern.
At the moment the price is testing the 0.5 Fibonacci level on the Daily timeframe.
How to approach it?
IF the price is going to have a clear breakout and retest the resistance as new support, According to Plancton's strategy, we can set a nice order
–––––
Keep in mind.
–––––
Follow the Shrimp 🦐
At the moment the price is testing the 0.5 Fibonacci level on the Daily timeframe.
How to approach it?
IF the price is going to have a clear breakout and retest the resistance as new support, 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 🦐
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.