WAVESUSDT is trying to have a breakout

11. Aug. 2022

The price is testing the monthly support after a huge red candle and now the market is in consolidation phase between the monthly and weekly structures

on the daily timeframe the price is creating a pennant and the market is trying to have a breakout from it

How to approach?
IF the price is going to have a breakout from the daily and weekly resistance, 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 🦐

11. Aug. 2022

Anmerkung

Wait for the clear breakout from the pennant

12. Aug. 2022

Anmerkung

no rush, the price needs to create a breakout here

14. Aug. 2022

Anmerkung

Wait for the clear breakout from the daily resistance.
Nice volume right now