XLMUSDT price experienced a bullish impulse, followed by a rounded accumulation phase. During this phase, the price has been consolidating in a narrow range, forming a rounded bottom pattern, which indicates a potential reversal from the previous downtrend.
If the XLMUSDT price breaks out of the accumulation phase and confirms a new uptrend, according to Plancton's rules, a new long position could be taken. It is essential to consider the volume and the momentum indicators to confirm the breakout and avoid false signals.
According to Plancton's strategy, we can set a nice order
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Keep in mind.
Follow the Shrimp 🦐
If the XLMUSDT price breaks out of the accumulation phase and confirms a new uptrend, according to Plancton's rules, a new long position could be taken. It is essential to consider the volume and the momentum indicators to confirm the breakout and avoid false signals.
According to Plancton's strategy, we can set a nice order
–––––
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
- ⚫️ black structure -> <= 1h structure.
Follow the Shrimp 🦐
Comment:
Waiting for the next breakout
