CAKEUSDT is testing the weekly support.

CAKEUSDT is testing the weekly support. If the price is going to have a breakout from the daily resistance and turn into new support, 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.
  

Yorum:

The price is creating a falling wedge on the weekly support

Yorum:

Breakout from the falling wedge as expected!

Yorum:

Accumulation before the breakout from the daily resistance

Yorum:

The price is testing the daily resistance

Yorum:

Finally Breakout!

Yorum:

Breakout as expected and now the price is testing the daily support