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ADAUSDT is testing a weekly resistance

Oleh InkyGrip
Diupdate
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The price created a descending channel on the daily timeframe and had a breakout from it. The market had another important breakout from a key level (1$) after the price created an Adam and Eve pater below the monthly structure.

On the 4h timeframe the price is testing the weekly resistance on 1.2$

How to approach?
The price needs to create a new breakout from the weekly resistance and retest as new support, 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 🦐
Catatan
The price got a rejection by the weekly resistance so far.
We need to see a clear breakout for bullish continuation
cuplikan
breakoutbreakoutbreakoutbreakoutsignalbreakouttradingChart PatternsHarmonic Patternsresistance_levelresistancesTrend Analysis
InkyGrip

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