The price had a breakout from the descending channel on the daily timeframe after a bounce on the weekly support on 0.91$.

On the lower timeframe (4h) the price is creating a pennant below the monthly resistance and above the 4h support. the market printed a false breakout from the pennant and monthly structure.

How to approach?
We are monitoring the price, we are waiting for the breakout from the pennant with volume . IF the price is going to have a breakout and retest monthly resistance 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 🦐