BCHUSDT is creating a rounded bottom

The price is creating a rounded bottom below the weekly resistance at 133$.
Now the market is creating a bullflag below it and the price is getting new liquidity from the 0.382 Fibonacci level.

How to approach it?
IF the price is going to have a breakout from the daily and weekly resistance 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 🦐

Yorum:

the price tried to have a breakout from the weekly but the market got a rejection. Let's see if the price has the strength for the breakout.