BTCUSDT is creating a pennant
Diupdate
The price is creating a pennant on weekly support of 44200$ after a rejection from 47k, where the market has a supply zone.
on the daily timeframe, the price is testing the previous resistance as new support.
How to approach?
The price is creating a pennant and retesting the lower trendline. The price needs a new breakout from it and flip the 47k resistance into support and satisfy our rules.
The scenario is invalidated if the price is going to lose the 44200$
According to Plancton's strategy, we can set a nice order
–––––
Keep in mind.
–––––
Follow the Shrimp 🦐
on the daily timeframe, the price is testing the previous resistance as new support.
How to approach?
The price is creating a pennant and retesting the lower trendline. The price needs a new breakout from it and flip the 47k resistance into support and satisfy our rules.
The scenario is invalidated if the price is going to lose the 44200$
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 🦐
Catatan
The price needs to hold the weekly support on 44260.
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.