The price got rejections from the dynamic resistance on the daily timeframe , and rejection from the weekly resistance on 21$
On the lower timeframe, the price is testing the 0.786 Fibonacci level after a false breakout on 20$ where you can find an M pattern.

How to approach?
We are monitoring the price, the bullish scenario is above 19$ with confirmation.
in a short period, if the price is going to lose the 4h support with confirmation, we could see another bearish impulse until 14$.
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 🦐