FLOWUSDT is attempting to maintain a static daily support level at the $0.970 area, indicating that buyers are willing to purchase FLOW at this price point.
However, if the price of FLOWUSDT falls below this support level, it could trigger a retest of the demand zone at $0.860. This demand zone represents a price range where buyers have previously stepped in to purchase FLOW, leading to a temporary price increase.
According to Plancton's Rules, if the price of FLOWUSDT breaks below the static daily support level and retests the demand zone, it could be a signal to enter a short position. This means that traders would be looking to sell FLOWUSDT in the hopes of profiting from a further price decline.
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Follow the Shrimp 🦐
Keep in mind.
However, if the price of FLOWUSDT falls below this support level, it could trigger a retest of the demand zone at $0.860. This demand zone represents a price range where buyers have previously stepped in to purchase FLOW, leading to a temporary price increase.
According to Plancton's Rules, if the price of FLOWUSDT breaks below the static daily support level and retests the demand zone, it could be a signal to enter a short position. This means that traders would be looking to sell FLOWUSDT in the hopes of profiting from a further price decline.
–––––
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
The price is testing the support right now
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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.