the price is testing the support on 13$ on the daily timeframe inside a descending channel. In the 4h timeframe, the price had a breakout from the bear flag. At the moment the price is testing important support.
How to approach? If the price is going to have a breakout and retest the previous support as new resistance, 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 is testing the 4h support as I told you, we are waiting for the breakout to add it into our watchlist. Be careful about the false breakout!
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The price is testing our support as expected. bearish if the price is going to have a breakout and satisfy our rules
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the price got a rejection from our key level, no strategy triggered so far. Still on my watchlist