DIAUSDT is creating a descending channel

The market is creating s descending channel on the weekly support on the 1.03$ level. On the daily timeframe, we can see a false breakout from that area and on the 4h timeframe, the price is trying to have a breakout from it.

How to approach?
IF the price is going to have a breakout from the descending channel and retest the previous resistance as new support,According to Plancton's strategy, we can set a nice order
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Keep in mind.

• 🟣 Purple structure -> Monthly structure.
  
• 🔴 Red structure -> Weekly structure.
  
• 🔵 Blue structure -> Daily structure.
  
• 🟡 Yellow structure -> 4h structure.
  

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Follow the Shrimp 🦐

Yorum:

The price is testing the daily resistance on 1.1$ above the weekly support!
Wait for the breakout, don't miss it!