InkyGrip

NEARUSDT needs the liquidity from the Demand Zone

Panjang
BINANCE:NEARUSDT   NEAR / TetherUS
The price is going to retest the demand zone between 2.5 and 5$ here the first bullish impulse started.
On the weekly timeframe, the price had a double top on 20$ and the market melted until the demand zone.

On the 4h timeframe the price is going to create a descending channel above the demand zone.

How to approach it?
IF the price is going to get new liquidity from the demand zone, 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 🦐
Penafian

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