The price retested the 0.786 Fibonacci level on the monthly timeframe. On the daily timeframe, the price is testing the daily resistance on the 19$, as you can see on video, the price got rejections from that area, it means that this area is very strong, and the market needs a clear breakout from it with volume.
On the 4h time frame we can find two supply zone, the first one around 19.5$.
How to approach? IF the price is going to have a breakout from the daily resistance, According to Plancton's strategy, we can set a nice order
The next valid resistance is 21$ ––––– 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 create a new breakout!
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We are waiting for the breakout from the daily resistance
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The price is flipping the daily resistance as I told you! Don't miss this GEM!
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the price is following my drawing! 8% so far, exactly on my circle 😎
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