ALICEUSDT Pullback and new breakout?

The price lost the monthly support on 5.70$ and the price is creating a falling wedge on the daily timeframe. On the 4h timeframe the price is testing the dynamic trendline as support.

How approach on it?
The price needs to get new liquidity and create a new breakout from the monthly and from the supply zone on 4$. According to Plancton's strategy, we can set a nice order
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Keep in mind.

• 🟣 Purple structure -> Monthly structure.
  
• 🔴 Red structure -> Weekly structure.
  
• 🔵 Blue structure -> Daily structure.
  
• 🟡 Yellow structure -> 4h structure.
  

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Follow the Shrimp 🦐

Comentário:

Still valid if the price is going to flip the daily resistance

Comentário:

The setup is still valid. the price is getting liquidity.
Let's see!