CELO / TetherUSAggiornato CELOUSDT is testing the support
CELOUSDT had a rejection from the 0.618 Fibonacci level on the daily timeframe, indicating a strong level of resistance.
Additionally, there was another rejection from the dynamic resistance on the 4-hour timeframe, further highlighting the potential for a bearish trend. Currently, the market is testing the key support level at the $0.58 area, which may provide a critical level for traders to monitor.
If the price fails to hold above this support level, there could be an opportunity for traders to set a short position, according to Plancton's strategy.
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Follow the Shrimp 🦐
Keep in mind.
Additionally, there was another rejection from the dynamic resistance on the 4-hour timeframe, further highlighting the potential for a bearish trend. Currently, the market is testing the key support level at the $0.58 area, which may provide a critical level for traders to monitor.
If the price fails to hold above this support level, there could be an opportunity for traders to set a short position, according to Plancton's strategy.
–––––
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.
Nota
testing resistance after the breakout 
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