LTCUSDT is creating a pennant

The price is testing the monthly support on 106$ after a false breakout from the 4h resistance.
On the lower timeframe, 4h timeframe, the price got a rejection from the 0.5Fibonacci level on 111$.

How to approach?
The price needs to grab liquidity and create a clear breakout from the 116$ where the market has the 0.618 Fibonacci resistance and daily one. IF the price is going to satisfy our rules, According to Plancton's strategy, we can set a nice order. The scenario is invalidated if the price is going to lose the 100$ support
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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 🦐

הערה:

The price is trying to have a breakout from the pennant!
Don't miss it! 👀

הערה:

Wait for the breakout

הערה:

The price wants to go higher!

הערה:

The price is fighting with the 4h resistance.
Wait for the new breakout

הערה:

Everything as I told you.

7% so far

הערה:

A clear breakout from the pennant and 4h resistance as I said.

Amazing profit so far

הערה:

The price is following my drawing and our students made more than 10%

הערה:

So Far so good!
The price is testing the resistance on 128$ after a nice profit after my idea.

הערה:

The price is following my arrow!
easy 14% here!

הערה:

The price is testing the 4h resistance on 132$ after a very nice breakout from the pennant and profit.

Now, if the price is going to have a breakout from the resistance, we could see a continuation until the monthly resistance. The breakout is not enough, the price needs to satisfy our rules again!

Don't miss it

14% so far