The price is creating a pennant below the daily resistance and the price had a false breakout. On the daily timeframe , the price tested the 0.618 Fibonacci level with a nice candle.

As you can see on the left the price created a W pattern and now the price is trying to have a breakout from the neckline.

How to approach?
The price needs to have a breakout from the weekly resistance and retest the daily resistance as support on 3200$, 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 🦐