The price is testing the 1.618 Fibonacci EXT level, it's a key level on the Daily timeframe , on 0.00357.
On the 4h timeframe, the price is testing the 4h support and creating equal lows above the demand zone .
How to approach it? The price could create a new bearish impulse to grab new liquidity from 0.0035 and start with a reversal trade, 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 🦐
I have looked through several ideas for this asset today, and honestly, I have an ambivalent opinion of the idea. I think you reevaluate the possibility of such a scenario.