AVAXUSDT is testing the 4h resistance

The price is creating a descending channel and the price is testing the 17.7$ area after a bounce from the daily support on 14.22$

The price is testing the 4h resistance on 0.5 Fibonacci level.

How to approach it?
IF the price is going to have a breakout and retest the 4h 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 🦐

Commento:

The price followed my arrow! 18% so far