The price is creating a descending channel on the daily timeframe and the price is testing the second daily resistance on 2.26$ On the 4h timeframe the price is creating an Adam and Even pattern and got a rejection from the supply zone on 2.26$
How to approach? IF the price is going to have a breakout from the supply zone and retest as new support, 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 🦐
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Wait for it!
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No rush. The price needs to satisfy our rules before a new trade. We don't trade the hopes
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The price needs to create a new breakout!
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The price is testing the daily support. need to have a new breakout form the 4h resistance
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Breakout, Retest, Plancton's rules 20% so far.
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20% so far so good. More if the price is going to have a breakout from the ascending channel and daily resistance