The price is testing the lower trendline of the ascending channel and the monthly support on 20.76$

on the lower timeframe, the price is creating a bear flag on it and the market got a rejection from the supply zone .

How to approach?
The price confirmed the 0.886 Fibonacci level as valid support on the daily static support on 19.7$. So if the price is going to have a breakout from the supply zone and ascending 4h channel, 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 🦐