TRXUSDT is going to test the monthly resistance
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The price created an Adam and Eve pattern on the daily timeframe the now the market wants to test the monthly resistance on 0.78$
On the 4h timeframe the price had a breakout from the pennant and retest it as new support before the bullish impulse.
How to approach?
The Market is extended right now, and we could see a retracement on the weekly support on 0.72$ we could see a consolidation phase before the new breakout above the monthly resistance. 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 🦐
On the 4h timeframe the price had a breakout from the pennant and retest it as new support before the bullish impulse.
How to approach?
The Market is extended right now, and we could see a retracement on the weekly support on 0.72$ we could see a consolidation phase before the new breakout above the monthly 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.
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Follow the Shrimp 🦐
Note
the price needs to hold the weekly support. The market needs the monthly breakout for the bullish continuation.
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