The price is testing the 0.5 Fibonacci level on the daily timeframe on 0.67$ after a rejection on 0.088$ daily resistance.
On the 4h timeframe, the price is creating a triangle, and the price is testing the previous dynamic support again.
How to approach?
The price bounced on the previous supply zone on 0.064$. The price needs to flip again the daily resistance, and if the market is going to satisfy our rules, we could see a retest of the previous 4h support now resistance on 0.72$
––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
On the 4h timeframe, the price is creating a triangle, and the price is testing the previous dynamic support again.
How to approach?
The price bounced on the previous supply zone on 0.064$. The price needs to flip again the daily resistance, and if the market is going to satisfy our rules, we could see a retest of the previous 4h support now resistance on 0.72$
––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
