ALPHAUSDT is testing the Weekly support

٢٦ يناير ٢٠٢٢

the price tested the key level on 0.35$ on the weekly support. As you can see from the upper chart, this support is strong.

On the lower timeframe, we can see how the price is trying to create a new Higher High.

How to approach?
If the price is going to have a breakout of the 4h Resistance (0.42$) and retest it 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 🦐

٢٧ يناير ٢٠٢٢

ملاحظة

The price is still below the 4h resistance. We are waiting for a clear breakout of 0.382 Fibonacci level.

Nice volume so far!