The price is creating an ascending channel on the 4h timeframe after a bounce on 0.22 Monthly support. The price got a rejection from the daily trendline (dynamic resistance).
How to approach it? IF the price is going to lose the support, 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 🦐
Nota
The price is testing the support. If the price is going to create a new Lower low, we can add to our watchlist 😎
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