The price is in the consolidation phase above the daily support at 12.40$ and the market is trying to have a breakout from the descending channel
How to approach it? IF the price is going to have a clear breakout from the static 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.
⚫️ black structure -> <= 1h structure.
––––– Follow the Shrimp 🦐
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The price needs to create a clear breakout and flip the current resistance into new support. Let's see!
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The price is testing the daily resistance as I told you. Wait for the breakout!
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The price is testing the resistance as I told you. Wait for the breakout!
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The price is testing the daily resistance. Wait for the breakout
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