The price is testing the monthly level after a breakout from the daily support.
On the 4h timeframe the price lost the dynamic support inside the descending channel.
How to approach it?
The price could have a pullback until the previous daily support now new resistance, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple...
This is a full breakdown of my perception of Price action on higher time frames! I take my entries using smaller time frame confirmation and you should too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Good Luck!!!!!!!!!!!