The price created a double top on the monthly timeframe and had a breakout from the weekly support.
On the 4h timeframe, the price is having a breakout from the dynamic support and the price is going to retest again the daily and 4h support on 37600.
How to approach?
IF the price is going to have a breakout from the support and retest as new resistance, 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.
Follow the Shrimp 🦐
the price bounced exactly on the daily support and dynamic 4h support on 37160.
Bearish if the price is going to lose the daily support