“It is simple. Breakout of two resistances, so the price climbing above the 1.5 USD, should trigger us a buy signal. On the other hand, price dropping below the 1.01 USD will be a negative factor and will give us a sell signal. „
The price DID NOT break the 1.5 USD and DID break the 1.01 USD (orange). Now we are on the 0.58 USD and still aiming lower. That is the beauty of the price action. When something happens, you do this, when something else happens, you do the opposite thing. You do not have to predict or make any forecasts. You just patiently wait and trade what the price is telling you to do. You got to love this game.