GALAUSDT is creating a falling Wedge

2022년 1월 26일

the price is creating a huge falling Wedge on the daily timeframe.

The Falling Wedge is a bullish pattern that begins wide at the top and contracts as prices move lower.

As you can see, the previous support turns resistance on the 0.382 Fibonacci level..

How to Approach?
If the price is going to have a breakout with volume from the falling wedge and retest the 0.382 Fibonacci level (1.8$) 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 🦐

2022년 1월 26일

노트

*C98USDT

2022년 1월 27일

노트

The market got a rejection from 0.382 Fibonacci level and daily resistance.
We are waiting for a clear breakout from the falling wedge