The market lost the weekly support and retested it as new resistance. The price got new liquidity and created a new bearish impulse.
Now the price is testing the 7$ area and it's creating an ascending triangle.
How to approach? The price needs to have a new breakout from that area and retest the previous resistance as new support. 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 🦐
Nota
The price is following my arrow. now the market could grab new liquidity from the demand zone on 7$ Let's see!
Nota
Still in the accumulation phase inside the falling wedge.
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