TRXUSDT is going to test the monthly resistance
Updated
The price created an Adam and Eve pattern on the daily timeframe the now the market wants to test the monthly resistance on 0.78$
On the 4h timeframe the price had a breakout from the pennant and retest it as new support before the bullish impulse.
How to approach?
The Market is extended right now, and we could see a retracement on the weekly support on 0.72$ we could see a consolidation phase before the new breakout above the monthly resistance. 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 4h timeframe the price had a breakout from the pennant and retest it as new support before the bullish impulse.
How to approach?
The Market is extended right now, and we could see a retracement on the weekly support on 0.72$ we could see a consolidation phase before the new breakout above the monthly resistance. 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.
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Follow the Shrimp 🦐
Comment
the price needs to hold the weekly support. The market needs the monthly breakout for the bullish continuation.Related publications
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