The price retested the 0.786 Fibonacci level on the monthly timeframe .
On the daily timeframe , the price is testing the daily resistance on the 19$, as you can see on video, the price got rejections from that area, it means that this area is very strong, and the market needs a clear breakout from it with volume .

On the 4h time frame we can find two supply zone , the first one around 19.5$.

How to approach?
IF the price is going to have a breakout from the daily resistance, According to Plancton’s strategy, we can set a nice order

The next valid resistance is 21$
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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 🦐