IF UTZ.X the price close this week above weekly resistance and the price will have a breakout upward and flip the upper trendline into new support, According to Plancton's strategy (check our Academy), we can set a nice order โโโโโ Follow the Shrimp ๐ฆ
Keep in mind.
๐ฃ Purple structure -> Monthly structure.
๐ด Red structure -> Weekly structure.
๐ต Blue structure -> Daily structure.
๐ก Yellow structure -> 4h structure.
โซ๏ธ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
๋ ธํธ
The price is inside a descending channel. We are waiting for the breakout (weekly resistance)
๋ ธํธ
The price is testing the lower trendline
๋ ธํธ
Waiting for breakout
๋ ธํธ
Untile the price doesn't have a breakout, I will watch
๋ ธํธ
ready for the breakout?
๋ ธํธ
The price is testing the weekly resistance right now ๐