AXSUSDT is trying to have a breakout

17 feb 2022

AXSUSDT The price bounced on the 0.786 Fibonacci level after an amazing bullrun. As you can see on the daily timeframe (the upper one) 50$ is a Key level.
On 4h Timeframe, the price is creating a descending channel, it tried to have a breakout from the static 4h resistance but got a rejection so far

How to Approach?
IF the price is going to have a breakout of the 4h resistance (67$) 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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Follow the Shrimp 🦐