The price had a bounce on the daily support on 0.31$ as you can see on the upper chart.
on the lower timeframe ( 4h on the lower chart) the price is having a breakout from the 4h dynamic resistance.
How to approach?
We could see a pullback on the daily support before a new bullish impulse above the 4h resistance on 0.37$. If the price is going to grab liquidity we could see a retest of the daily resistance at 0.40$
Don't forget, a breakout it's not enough to open a new position, you need to have a strategy
––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
on the lower timeframe ( 4h on the lower chart) the price is having a breakout from the 4h dynamic resistance.
How to approach?
We could see a pullback on the daily support before a new bullish impulse above the 4h resistance on 0.37$. If the price is going to grab liquidity we could see a retest of the daily resistance at 0.40$
Don't forget, a breakout it's not enough to open a new position, you need to have a strategy
––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
So far so good 6% 😎
Wait for more 👀