MATICUSDT is inside a descending channel and falling wedge 🦐

MATICUSDT is inside a descending channel and falling wedge. The price is testing again weekly (and very important) structure.
IF the price will lose weekly support we can see a new bearish impulse.
IF the price will break the falling wedge and turns the daily resistance as support According to Plancton's strategy, we can set a nice order

Weekly

Monthly

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Follow the Shrimp 🦐

Keep in mind.

• 🟣 Purple structure -> Monthly structure.
  
• 🔴 Red structure -> Weekly structure.
  
• 🔵 Blue structure -> Daily structure.
  
• 🟡 Yellow structure -> 4h structure.
  
• ⚫️ 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.

評論:

The price is losing important support.