On the daily timeframe , the price is testing the upper trendline of the big pennant , exactly 19.5$ on 0.618 Fibonacci level and the price is going to create a Cup and handle as well.

On the 4h Timeframe the price had a rejection from the 21.2 Resistance and now it’s testing the previous weekly support.

How to approach?
the price could have a false breakout of 19$. In that area the market finds the liquidity for a new bullish impulse.
the price needs to have a breakout from the 21.2 Big resistance.
So, IF the price is going to have a breakout from 21.2, 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 🦐