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SOL / TetherUS
Long

SOLUSDT is creating a descending channel

By InkyGrip
snapshot

The price is creating a descending channel on the daily timeframe. We can see two false breakout.

Not the price is creating a consolidation above the daily support and dynamic resistance

How to approach?
IF the price is going to have a breakout from the daily dynamic resistance and weekly resistance (120$) According 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 🦐
Chart PatternsdescendingDescending ChanneldescendingtrendlineHarmonic PatternsTrend Analysis
InkyGrip

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