The price had a breakout from the dynamic and static resistance as I told you in my previous analysis. Now the price is creating a rounded top after a rejection from the monthly resistance on 8.84$.
How to approach it? IF the price is going to have a breakout from the current support and retest it as new resistance, 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 🦐
Note
Inverse cup and handle. We could see a bearish impulse if the price is going to lose its support/neckline
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