CAKE / TetherUS
Long
Mis à jour

CAKEUSDT is testing the resistance

673
The price had a breakout from the daily dynamic resistance and now is trying to have a breakout from the static resistance.
On the 4h timeframe the price is below a supply zone on 7$.

How to approach?
The price needs to create a new bullish impulse and breakout from 7$ and retest that area 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 🦐
Note
The price got a bullish impulse and got a rejection from the 4h resistance.
After the rejection, the price bounced on the 0.618 Fibonacci level.
Wait for the breakout from the 4h resistance

snapshot
Note
The price had a breakout and now is trying to hold the new support
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Note
24% so far.
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Note
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30% so far.
Note
54% so far so good
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