COTIUSDT is testing the 4h support
The price had a breakout from the weekly support and created a double top on the daily timeframe.
On the 4h timeframe, the price is a breakout from the dynamic and static support.
How to approach?
If the price is going to confirm the breakout, we can apply our rules for a new short position.
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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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