XLMUSDT wants a new bullish impulse?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.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ black structure -> <= 1h structure.
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Follow the Shrimp 🦐