The price is testing the monthly resistance, a key level at 25$ the price got rejections in the past after a triple bottom on the 19.5$.

The price got a rejection exactly on the 26$ where the market has a 4h resistance and dynamic daily resistance.

On 4h Timeframe the price is trying to create a new higher high.

How to approach?
We are waiting for the breakout from the key level and applying our rules for a long position. As you can see on the left, just a breakout is not enough to open a new long position, so we will wait even for our rules.

Next daily resistance is 28$, don’t miss it
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Keep in mind.

🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.