The price is testing the daily support after a false breakout from the ascending channel. The price had a breakout from the lower trendline of the ascending channel.
How to approach it? IF and only 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.
––––– Follow the Shrimp 🦐
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The price is testing the support on the key level at 5.8$ area. IF the price is going to lose it we could see a bearish impulse
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The price lost the support as I told you and printed 7% so far. CPS and MTB strategies here