The price bounced on the 13$ on the daily support and had a breakout from the minor descending channel . The price is creating a big descending channel on the daily timeframe .

On the 4h timeframe the price is testing a key level on 15.80 – 16$.

How to approach?
the price needs to have another breakout from the resistance and retest the previous key level as new support. 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 🦐