The price created a descending channel on the daily timeframe and had a breakout from it. The market had another important breakout from a key level (1$) after the price created an Adam and Eve pater below the monthly structure.
On the 4h timeframe the price is testing the weekly resistance on 1.2$
How to approach? The price needs to create a new breakout from the weekly resistance and retest as new support, 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.
––––– Follow the Shrimp 🦐
Comment
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The price got a rejection by the weekly resistance so far. We need to see a clear breakout for bullish continuation