InkyGrip

PEOPLEUSDT is creating a descending channel

BINANCE:PEOPLEUSDT   PEOPLE / TetherUS
The price is inside a descending channel above the 4h resistance on 0.02230$.
and dynamic support.
The price got a rejection from the dynamic resistance and static resistance on 0.024$

How to approach it?
IF the price is going to have a breakout from 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 🦐
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