The price created a huge descending channel on the daily timeframe and retest the daily resistance on 1.8$ and created a triple bottom on it.

On the 4h timeframe the price is trying to have the breakout from the monthly resistance on 2.2$ after a breakout from the daily static resistance and dynamic one.

How to approach?
The price needs to confirm the reversal with a breakout with volume above the supply zone on 2.3$.
IF the price is going to satisfy our rules, 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 🦐