The price is testing the dynamic support on the daily timeframe . The market had a breakdown from the first dynamic support and now the market had a rejection from the previous support now resistance and from the dynamic resistance.

We could see a retracement until the previous weekly support around 0.00007500.

How to approach?
We need to monitor the 0.000075 level and wait for a bounce on it.
IF the price is going to have a bounce and a breakout with volume from the daily resistance (0.00009070) 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 🦐