DYDXUSDT had a breakout from a descending channel after bouncing off the 0.618 Fibonacci retracement level.
Traders who follow Plancton's Rules may be waiting for a new breakout to occur before considering a new long position in the market. A breakout from the current level could indicate a continuation of the upward trend and could provide an opportunity for traders to enter a long position.
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Follow the Shrimp 🦐
Keep in mind.
Traders who follow Plancton's Rules may be waiting for a new breakout to occur before considering a new long position in the market. A breakout from the current level could indicate a continuation of the upward trend and could provide an opportunity for traders to enter a long position.
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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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