The price is testing the monthly support after a bounce on the monthly support on 1.45$
on the daily timeframe the price lost the support and now the market wants to retest it.
on the 4h timeframe the price is creating a bearflag below the weekly resistance.

how to approach it?
IF the price is going to have a breakdown from the bearflag, According to Plancton’s strategy, we can set a nice order
–––––
Keep in mind.

• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.

–––––
Follow the Shrimp 🦐

The price is testing the monthly support after a bounce on the monthly support on 1.45$
on the daily timeframe the price lost the support and now the market wants to retest it.
on the 4h timeframe the price is creating a bearflag below the weekly resistance.

how to approach it?
IF the price is going to have a breakdown from the bearflag, According to Plancton’s strategy, we can set a nice order
–––––
Keep in mind.

• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.

–––––
Follow the Shrimp 🦐