CELOUSDT is testing the daily support
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.
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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.
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