ENJUSDT has recently retested the daily resistance level at $0.55. However, the price was rejected at this level and subsequently lost the weekly support as well. This suggests that the market may experience a downward trend in the near future.
If the market continues to decline, there is a possibility that the previous weekly support level could be retested as new resistance. Traders may want to apply Plancton's rules and consider taking a new short position if the price fails to break through this level.
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Follow the Shrimp 🦐
Keep in mind.
If the market continues to decline, there is a possibility that the previous weekly support level could be retested as new resistance. Traders may want to apply Plancton's rules and consider taking a new short position if the price fails to break through this level.
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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.
Note
14 % Note
17% Note
20% 
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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.