The price lost the demand zone, and now the market is testing the monthly key level.
How to approach it? If the price is going to have a breakout from the current resistance we could see a pullback until the previous demand zone ––––– Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐
Note
No pullback so far, the price is trying to grab new liquidity from the monthly. let's see how the daily closes
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