InkyGrip

LITUSDT created a M Pattern

Short
BINANCE:LITUSDT   LIT / TetherUS
The price is creating an M pattern on the 4h timeframe after a double top on 1.2$.

On the daily timeframe the price bounced on the dynamic daily support.
How to approach it?
IF the price is going to have a rejection from the 0.5Fibonacci level, on the M neckline, 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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