AVAXUSDT is testing the support.

The price is testing the support after an evident bearish impulse from the daily resistance on 22$ area.
The price is testing the lower trendline of ascending bearish channel.

How to approach it?
IF the price is going to have a breakout from the 4h resistance we could see a pullback on 0.5 Fibonacci level, so 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 🦐