LTCUSDT had a breakout from the rising wedge

The price is testing the 4h support on 51$ after a breakout from the rising wedge and 4h resistance.
The price could have a pullback on 0.382 Fibonacci level in order to grab more liquidity for a new bearish impulse.

How to approach it?
IF the price is going to lose the support and retest it as new resistance, 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 testing the support right now! Don't miss it!