The price got a rejection from the monthly resistance on 1.7$.
If you look at the upper chart you can see how the price got rejections in the past, it means that this resistance is very strong.
The price is trying to hold the 1.5$ daily support.
On 4h Timeframe, the price could a pullback until the 0.5- 0.618 Fibonacci level
––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
If you look at the upper chart you can see how the price got rejections in the past, it means that this resistance is very strong.
The price is trying to hold the 1.5$ daily support.
On 4h Timeframe, the price could a pullback until the 0.5- 0.618 Fibonacci level
––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
