The price is creating an ascending channel on the daily timeframe below the weekly resistance after the price got liquidity as I told you in my previous idea on 0.886 Fibonacci level
On 4h timeframe, the price is creating a descending channel and now the market is testing the 20$ resistance
How to approach? the price needs to have a clear breakout from these structures with volumes and momentum, the market created a strong resistance on 21.2. So if the price is going to have a breakout from the descending channel, 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 🦐
บันทึกช่วยจำ
The price is testing the weekly resistance, wait for the breakout!