MASKUSDT recently experienced a clear rejection from the daily resistance and weekly structure at the $5 area. Currently, the price is testing the dynamic support level.
If the price fails to hold this support level, there is a possibility that it could retest the 0.618 Fibonacci level as new resistance. Traders may want to consider applying Plancton's rules and taking a short position if the price experiences a new bearish impulse.
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Follow the Shrimp 🦐
Keep in mind.
If the price fails to hold this support level, there is a possibility that it could retest the 0.618 Fibonacci level as new resistance. Traders may want to consider applying Plancton's rules and taking a short position if the price experiences a new bearish impulse.
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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
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.