XRPUSDT created a pennant after a bearish impulse. Usually, the pennant is a continuation pattern, thus we applied MTB and CPS Plancton's Strategies in order to create a nice profit (see my previous idea). Now the market is printing Lower Lows and Lower highs and it getting rejections from the dynamic resistance.
We can see a false breakout with a spike and false breakout from the monthly key level in 0.30$ area. After that movement, the price created a new higher low.
How to approach it?
The market is starting with a consolidation phase inside a bear flag below the dynamic resistance. IF the price is going to lose the dynamic support we can start to look for MTB strategy because the price could fill the wick until the liquidity zone
We can see a false breakout with a spike and false breakout from the monthly key level in 0.30$ area. After that movement, the price created a new higher low.
How to approach it?
The market is starting with a consolidation phase inside a bear flag below the dynamic resistance. IF the price is going to lose the dynamic support we can start to look for MTB strategy because the price could fill the wick until the liquidity zone
