The price is creating a falling wedge on the daily timeframe. After an amazing bull run, the price is going to retest the start point around 0.041$
On 4h Timeframe, the price is testing the support around 0.47$.
How to approach? We are monitoring the price, we could see a retest around 0.042-41$ on the previous daily support. If the price will get liquidity and will have the breakout from the dynamic daily resistance and 4h 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 🦐
ノート
the price had a breakout from the daily support and we made more than 24% since my previous call. The reverse scenario could occur if the price is going to have a new breakout from 0.45$ otherwise the next valid support is 0.30$
ノート
The price had a breakdown from the daily resistance and now the market is trying to follow my drawing. We are waiting for a breakout to apply our rules.