The price is testing the 4h support inside a below the daily resistance at 330$ area.
The price needs to create a new breakout from the descending and daily resistance and retest the resistance as new support.
How to approach it?
IF the price is going to have a breakout and retest the resistance as new support, 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 🦐