The price created the M pattern on the daily timeframe and now the price is testing the descending channel above the daily support on 9$ area
How to approach it? IF the price is going to lose the support and retest it as new resistance, 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.
⚫️ black structure -> <= 1h structure.
––––– Follow the Shrimp 🦐
Nota
The price is testing the dynamic resistance inside the descending channel Wait for the next bearish impulse
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