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XMRUSDT is in the consolidation phase

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The price bounced on the monthly support at 122$ where the market got liquidity to retest the weekly resistance on 154$ area.

Now the price is in the consolidation phase below the weekly and daily resistance at 0.5 Fibonacci level

How to approach it?
IF the price is going to have a breakout 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 🦐
註釋
The price is inside an ascending channel and now it's testing the lower support.
We will wait for the breakout
快照
註釋
the price needs to flip the resistance
快照
註釋
快照
The price is creating a bullflag above the daily support.
we are waiting for the breakout
註釋
Waiting for the breakout 快照

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