The price is testing the resistance on 1160 after a rejection from the previous support. We could see a new breakout until the 1200 area in order to grab new liquidity from that area and create a new bearish impulse.
How to approach it? IF the price is going to have a breakout and got a new rejection, 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 🦐
Commento
The price retest the 4h resistance on 1200$ area As I told you. We are waiting for the breakout of the support. We could see another retest of the resistance. Let's see!
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