XMRUSDT needs to hold the dynamic support!
the price tested again the 0.786 Fibonacci level on the monthly timeframe and have a breakout from the descending channel on the weekly timeframe.
As you can see the price has a confluence on 227$.
On the 4h timeframe the price created a descending channel had a breakout but without momentum.
So How we can approach it?
If the price is going to loose the support, 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.
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Follow the Shrimp 🦐
