The price is creating a descending channel on the daily timeframe and the price created a double bottom on the monthly support on 5.7$.
On the 4h timeframe the price is trying to create a new higher high inside a falling wedge. After the first impulse the market is testing the 0.5 Fibonacci level.
How to approach? The price needs to have a breakout from the falling wedge and descending channel, flip the key level on 6.4$. IF the price is going to have a breakout According to Plancton's strategy, we can set a nice order ––––– Keep in mind.