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Breakouts

BATUSDT is testing a key levelThe price is testing the dynamic daily resistance on the 4h timeframe. Nice volume is coming The price needs to create a new breakout from it and retest the current 4h resistance as new support. How to approach it? IF the price is going to create a clear breakout with volume and retest the current 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. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
14
Channel Breakout Example Really solid example of how channel breakouts often retest resistance AFTER resistance has already been broken. I like to think of it as testing the buyers and supply/demand zone to see if resistance can now act as support which would confirm another leg up as we see in Uber. Good rule to follow is to not enter trades as soon as they breakout from a channel as the trend reversal is not confirmed by anything yet. we can see multiple channel breakouts where price did not continue rising once the channel was broken. Volume confirmation (increaising volume with increasing price) is also important when identifying true breakouts, nice highs when lower than average volume is generally a sign of price disparity defined as divergence.
NYSE:UBER
by chartxzy
BTCUSDT: Aadil1000x Breakout strategyHello traders! Welcome back to another episode with Analyst Aadil1000x. A few days ago this same strategy worked out perfectly in Bitcoin and made us successful at the though time. Today the same types of breakouts are forming but this time it's in 30 mint timeframe. If you are not aware of this strategy then this is a breakout strategy. It can be used in the consolidation period and we count breakout so that we catch the drop at the perfect time. Every trendline will start from the top of the candle from where consolidation starts and it connects with the next Lower high/Higher High. This ends whenever there is a breakout. The next trendline will connect at the high of that breakout and we will keep doing this 7 times. After the 7th breakout market will drop hard. The 7th breakout is still pending, we will connect the 7th trendline to the point when there will be a candle that closed below the previous candle and didn't cross the high of the previous candle. There is a Strong 5-star True reversal point at 22128. I am expecting that this point will work with pinpoint accuracy. Risk management Tip. Stoploss is important in every trade and I put -4% stop loss. To count the percentage quickly there is a tool in the second option called info line. Don't forget to hit the like button and follow to stay connected.
Short
by Aadil1000x
6
ADAUSDT is testing the supportthe price followed my previous idea and we made more than 39%. Now the market is creating an ascending channel above the daily support. how to approach it? The price needs to have a breakout from the daily 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 🦐
Short
by InkyGrip
22
XLMUSDT needs more liquidityThe price had a nice breakout from the static resistance on 0.14$ and got a rejection from 0.155$ now the price is testing the 0.618 Fibonacci level as new support. How to approach it? We could see a new bearish impulse until the 0.886 Fibonacci level where the market could get new liquidity for a bullish impulse, 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 🦐
Long
by InkyGrip
24
DOTUSDT is creating a falling wedgeAfter an amazing profit, the price is testing the monthly support on 6.7$ on the 4h timeframe the market creates the falling wedge below the 4h resistance. How to approach it? IF the price is going to have a breakout from the falling wedge and daily resistance on 8$, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
30
KDAUSDT is testing an important support right nowThe price is testing the daily support on 1.4$. As you can see on the left the price got the liquidity for a new bullish impulse from here. How to approach it? IF the price is going to have a breakout from 4h resistance and retest 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 🦐
Long
by InkyGrip
6
BTCUSDT wants the breakout?The price bounced on the monthly support on 29300$, it's a key level for Bitcoin. Now the price is testing an important resistance on 4h timeframe on the 0.382 Fibonacci level. How to approach? IF the price is going to retest it as new support, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
8
IOSTUSDT needs to have a breakout from itThe price had a breakout from the dynamic resistance below the monthly resistance on 0.02$ How to approach? the rice needs to create a new bullish impulse above the 0.02$ area 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. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
12
KCSUSDT had a breakout! 18$ is coming!From my first idea, the price gained 37%. now the market is testing the 4h resistance after a breakout from the descending channel, and as I told you in my previous analysis, the price wants to retest the 18$, it's a key level. How to approach it? The price needs to create a clear breakout from the 17$ 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. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
12
ENJUSDT wants another breakout?After the previous idea where we made more than 24%, the price had a breakout from the weekly support on 1.17$. at the moment the price is in the consolidation phase below the resistance and wants to retest the lower trendline of the falling wedge. How to approach? The price could create a new bear flag between the previous support now new resistance and the dynamic resistance, so, if the price is going to have a breakout from that structure, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Short
by InkyGrip
2
FTMUSDT is getting liquidity from the demand zoneThe price is testing the demand zone on 0.61$ after a double top formation and double top. On the daily timeframe the price is creating the falling wedge as well. How to approach? The price could grab the new liquidity from 0.5$ and create a new breakout from the 0.7$, so If the price is going to satisfy our rules, 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 🦐
FLong
by InkyGrip
4
BTCUSDT wants the 34k The price had a breakdown from the daily support after a false breakout from the falling wedge. Now the price is in the consolidation phase below the daily structure and we are waiting for a pullback on the previous dynamic support and now new resistance. How we can approach it? The price could grab the new liquidity from the first demand zone on 34k in order to retest the 37k-38k area. 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 🦐
Long
by InkyGrip
14
GRTUSDT is ready for the reversal?The price got rejections from the dynamic daily resistance and now the price is testing the 4h resistance above the weekly support. How to approach? IF the price is going to have a breakout from the resistance 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. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
2
LTCUSDT is creating a falling wedgeThe price is creating a descending channel on the daily timeframe after a bounce from the weekly area. On the 4h timeframe the price is going to create a falling wedge. So how to approach? IF the price is going to have a breakout from the resistance and retest 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 🦐
Long
by InkyGrip
2
KCSUSDT is testing the 0.618 Fibonacci levelThe price got a rejection from the weekly resistance where we were waiting for the flip for a long scenario. the price is testing the 0.618 Fibonacci level and the market had a breakout from the descending channel. How to approach? The price could retest the demand zone on 18$, so 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 🦐
Short
by InkyGrip
6