FTMUSDT is testing the support

25 May 2022

The price is creating an ascending channel on the 4h timeframe after a bounce on 0.22 Monthly support.
The price got a rejection from the daily trendline (dynamic resistance).

How to approach it?
IF the price is going to lose the support, 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 🦐

25 May 2022

Not

The price is testing the support.
If the price is going to create a new Lower low, we can add to our watchlist 😎