The price had a breakout from the descending channel and got a rejection from the weekly resistance on the 1.19$.
On the 4h timeframe the price is creating a descending channel on the 0.786 Fibonacci level below the monthly resistance.
How to approach? The price needs to have a breakout from the channel and monthly resistance, and flip it into new support. According to Plancton's strategy, we can set a nice order ––––– Keep in mind.