On the 4h timeframe the price is creating a pennant below the monthly resistance on 26.5.
How to approach? The price could have a false breakout and retest the 23.6$ support and get the new liquidity. If the price is going to have a breakout from the monthly and daily resistance (27.4$) we could see a bullish continuation. The next valid resistance is 27.38$
Not
the price is following my drawing and the market is testing the daily support.
We are waiting for the breakout of the monthly resistance.
Don't miss it
Not
The price is following my drawing, got liquidity from the daily support and now the market wants a new breakout from the daily resistance
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