ZILUSDT wants to retest the monthlty support?
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The price is testing the weekly resistance after a bounce on the monthly support on 0.34% Due the news the price had a bullish impulse.
on the daily timeframe the price lost the previous support as new resistance and now the price is testing it.
on the 4h timeframe, the price is testing the daily and 4h support.
How we can approach it?
The price could have a new rejection from the daily resistance and retest the previous monthly support where the reaction began.
––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
on the daily timeframe the price lost the previous support as new resistance and now the price is testing it.
on the 4h timeframe, the price is testing the daily and 4h support.
How we can approach it?
The price could have a new rejection from the daily resistance and retest the previous monthly support where the reaction began.
––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
Note
Amazing 25% from my callNote
37% so far.
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