the price created a double bottom on the daily timeframe on the 0.17 as you can see on the upper chart.

on the 4 timeframe, the price is creating a bear flag after a false breakout from the flag and the rejection from 0.22 resistance.

How to approach it?
The price could have a new breakout in order to grab new liquidity from the demand zone at 0.155$ So uf the price is going to have a breakout, 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 🦐