The market created a double bottom on the 12.30$ on the daily timeframe. After each breakout, the price retested the previous resistance as new support. on the 4h timeframe, the price is in the consolidation phase below the 20.5$
How to approach? IF the price is going to have a clear breakout from 21$ 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 🦐
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The price needs to have a breakout from 21$ for the bullish continuation.
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the price is in the consolidation phase below the 4h resistance. Wait for the breakout!