CELOUSDT had a false breakout from its daily resistance level at 0.9$.
The market is now testing the previous weekly resistance level at 0.75$ as new support.
Traders who follow Plancton's Rules may be waiting for a new breakout to the upside before considering a new long position in the market. A breakout from the previous daily resistance level could indicate that the market is once again bullish and may continue to rise. This could be a signal for traders to enter a long position in the market.
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Follow the Shrimp 🦐
Keep in mind.
The market is now testing the previous weekly resistance level at 0.75$ as new support.
Traders who follow Plancton's Rules may be waiting for a new breakout to the upside before considering a new long position in the market. A breakout from the previous daily resistance level could indicate that the market is once again bullish and may continue to rise. This could be a signal for traders to enter a long position in the market.
–––––
Follow the Shrimp 🦐
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
- ⚫️ Black structure -> <= 1h structure.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.