The price had a breakout from the dynamic resistance on the daily timeframe after a retest at 1.23$. The market created a double bottom on it.

On the 4h timeframe, the price is testing the 4h resistance on 1.38$ after a nice breakout of 1.320$ and the market is creating an ascending triangle , where the resistance is the daily resistance.

Be aware of the supply zone (circle) where the price had an accumulation before a new bearish impulse.

How to approach?
We are waiting for the breakout from the triangle and retest the previous resistance (daily) as new support.. If the price is going to have a breakout from the supply zone , 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 🦐