On the monthly timeframe , the price got a rejection from the 0.5 Fibonacci level and on the weekly timeframe , the price created a higher low.

the price is creating a falling wedge on the 4h timeframe and now the price is testing the daily dynamic support.

how to approach?
IF the price is going to have a breakout from the falling wedge and retest the 4h resistance as new support, 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 🦐