The price lost the monthly support on 7.3$ and the daily support as well on 6.2$. Now the price is going to create equal lows on the 4h timeframe on 5.6$ above the demand zone on 5.6$
How to approach it? IF the price is going to have a breakdown from the 4h support and grab new liquidity, 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 🦐
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The price is following my drawing. 5.4$ is the demand zone
Let's see!
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The price is testing weekly support. We are waiting for the 4h flip on 5.4$ for a possible reversal trade
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The price needs to flip the 4h resistance on 5.4$. since my idea, we made more than 18% 😎
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the price needs to confirm the flip as I told you!