DOTUSDT is testing the monthly resistance
The price is testing the monthly resistance, as you can see on the upper chart, the price got rejections for that area in the past. 23.5$ is a key level for DOT.
on 4h Timeframe, the price is creating an ascending channel.
How to approach?
The price could have a pullback on the 4h support on 22.30$ before a new breakout from the 23.4$ (monthly resistance.). So if the price is going to have a breakout, According to Plancton's strategy, we can set a nice order
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Keep in mind.
Follow the Shrimp 🦐
on 4h Timeframe, the price is creating an ascending channel.
How to approach?
The price could have a pullback on the 4h support on 22.30$ before a new breakout from the 23.4$ (monthly resistance.). So if the price is going to have a breakout, 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 🦐
Now the price needs to get new liquidity for a new breakout from 23$
Let's See!