VLXUSDT is testing the historical support! Ready for the bounce?
the price is testing historical support on 0.19$ as you can see on the upper chart, where the previous bullish impulse started.
On the 4h timeframe, the price is creating a descending channel
How to approach?
The price needs to hold the support and have a new breakout from the descending channel and static resistance and retest it as new support.
According to Plancton's strategy, we can set a nice order
–––––
Keep in mind.
–––––
Follow the Shrimp 🦐
On the 4h timeframe, the price is creating a descending channel
How to approach?
The price needs to hold the support and have a new breakout from the descending channel and static resistance and retest it 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.
–––––
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.