DYDXUSDT wants to retest the Weekly support
Mis à jour
The price is creating a descending channel on the daily timeframe .
The price created a double bottom on the weekly support, 4.35$
on the 4h timeframe the price is creating another descending channel.
How to approach?
The price is going to retest again the 4h support on 4.60$, if the price is going to lose it we could see a new retest of the weekly support, thus the market is going to create a triple bottom, so According to Plancton's strategy, we can set a nice order
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Keep in mind.
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Follow the Shrimp 🦐
The price created a double bottom on the weekly support, 4.35$
on the 4h timeframe the price is creating another descending channel.
How to approach?
The price is going to retest again the 4h support on 4.60$, if the price is going to lose it we could see a new retest of the weekly support, thus the market is going to create a triple bottom, 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 🦐
Note
The price is testing the previous support, more down if the price is going to have a breakdown from itNote
Wait for the breakout and weekly restestNote
the price followed my drawing!10% since my idea 😎
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