The price is creating an ascending channel on the daily timeframe below the weekly resistance after the price got liquidity as I told you in my previous idea on 0.886 Fibonacci level

On 4h timeframe, the price is creating a descending channel and now the market is testing the 20$ resistance

How to approach? the price needs to have a clear breakout from these structures with volumes and momentum, the market created a strong resistance on 21.2.
So if the price is going to have a breakout from the descending channel , 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 🦐