BTCUSDT is creating a descending channel 🦐

BTCUSDT is creating a descending channel inside the daily ascending channel. We need to monitor the 0.5 Fibonacci level on the W's neckline.
According to Plancton's strategy(check our Academy), we can set a nice order
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Follow the Shrimp 🦐

Keep in mind.

• 🟣 Purple structure -> Monthly structure.
  
• 🔴 Red structure -> Weekly structure.
  
• 🔵 Blue structure -> Daily structure.
  
• 🟡 Yellow structure -> 4h structure.
  
• ⚫️ Black structure -> <4h structure.
  

تعليق:

The price is ranging below the weekly resistance

تعليق:

Breakout!

تعليق:

The price is testing the weekly resistance as new support!