QTUMUSDT is testing the dynamic resistance
The price is creating a descending channel on the daily timeframe after a bounce on the monthly support.
The price is creating an ascending channel on the 4h timeframe the the price is testing the 0.618 Fibonacci level.
How to approach?
We are waiting for a new breakout from the daily resistance and weekly resistance. IF the price is going to have a breakout 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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