The price is creating a rounded bottom below the weekly resistance at 133$. Now the market is creating a bullflag below it and the price is getting new liquidity from the 0.382 Fibonacci level.
How to approach it? IF the price is going to have a breakout from the daily and 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 tried to have a breakout from the weekly but the market got a rejection. Let's see if the price has the strength for the breakout.
Thank you for the detailed analysis of potential asset movements, it was very helpful. It’s very interesting to observe your reasoning on technical analysis.