The price is testing the weekly on 0.24$ support inside a descending daily channel.
After the breakdown from the previous support on 0.32$ the price retested it as new resistance.
How to approach? We are monitoring the price, we could see a double bottom on the weekly support. We are waiting for a clear breakout from the descending daily channel 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 is testing the daily resistance after the breakout and the market is creating a round bottom on it. We are monitoring the 4h resistance and waiting for apply our rules! Don't miss it