LTCUSDT is creating a falling wedge

The price is creating a descending channel on the daily timeframe after a bounce from the weekly area.
On the 4h timeframe the price is going to create a falling wedge.

So how to approach?

IF the price is going to have a breakout from the resistance and retest as new support, 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 🦐

Yorum:

the price is following my drawing, 5% so far!