the price had a breakout from the bullflag and monthly resistance due to the news. After that, the price got a rejection from the daily resistance on 0.85$.
On 4h timeframe, the price s testing the previous resistance as new support and the price needs to grab liquidity to confirm the breakout of the monthly area on 0.78$.
How to approach? If the price is going to have a breakout from the resistance area, 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 🦐
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The price needs to create a new breakout from the monthly resistance. Keep calm
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I'm still waiting for the new breakout. Patience is the Key to Success in Trading
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the price is testing the daily resistance after the breakout from the bull flag. 11% so far
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Wait for the last profit! 12% so far
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the price got a rejection from 0.92$ area and we are waiting for the last profit on VIP side. The monthly resistance is a key level, if the price is going to have a breakout from it the next resistance could be 1$
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