EGLDUSDT wants the supply zone?

The price is inside a descending channel below the 58$ area, it's a jey level.
On the daily timeframe the price is creating a cup and handle and the price bounced exactly on the 0.618 Fibonacci level.

How to approach it?
IF the price is going to have a breakout from the descending channel and static resistance, 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 🦐

Kommentera:

Still waiting for the breakout

Kommentera:

Cup and Handle in play

Kommentera:

The price is testing the daily resistance right now.
Bug Cup and handle in play

Kommentera:

Breakout as expected!

Kommentera:

Breakout as expected!
9% so far