The price is testing the monthly support after a bounce on the monthly support on 1.45$ on the daily timeframe the price lost the support and now the market wants to retest it. on the 4h timeframe the price is creating a bearflag below the weekly resistance.
how to approach it? IF the price is going to have a breakdown from the bearflag, 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 drawing. More down if the price is going to lose the monthly support
Nota
The price is following my arrow, and we are locking a nice profit. More if the price is going to lose the support, as you can see the price created the equal lows.
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