The price bounced from the demand zone on 0.022$ on 4h Timeframe and retested the 0.786 Fibonacci level. The price is testing the previous support as new resistance above the demand zone.
How to approach? IF the price is going to grab new liquidity and create new breakout from the 4h 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.
––––– Follow the Shrimp 🦐
Not
the price must to have a breakout from the current resistance to inverse the bearish bias
Not
Perfect breakout and MTB strategy here. Clear 8% so far
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