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OCEANUSDT is testing the key level
OCEANUSDT is testing the dynamic support level at a certain price point. This dynamic support level is created by a moving average or other technical indicator that adjusts based on recent price action.
If the price of OCEANUSDT holds above the dynamic support level, it may indicate that the market is likely to continue its uptrend. However, if the price breaks below the dynamic support level, it could indicate a potential trend reversal.
Additionally, the price of OCEANUSDT has recently grabbed new liquidity from a lower price point on the daily timeframe, suggesting that there may be significant demand for the asset at lower prices.
However, if the price of OCEANUSDT breaks below the 4-hour support level and retests it as new resistance, according to Plancton's Rules, new short positions may be considered. This would suggest a potential trend reversal, with the market moving from bullish to bearish.
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Follow the Shrimp 🦐
Keep in mind.
If the price of OCEANUSDT holds above the dynamic support level, it may indicate that the market is likely to continue its uptrend. However, if the price breaks below the dynamic support level, it could indicate a potential trend reversal.
Additionally, the price of OCEANUSDT has recently grabbed new liquidity from a lower price point on the daily timeframe, suggesting that there may be significant demand for the asset at lower prices.
However, if the price of OCEANUSDT breaks below the 4-hour support level and retests it as new resistance, according to Plancton's Rules, new short positions may be considered. This would suggest a potential trend reversal, with the market moving from bullish to bearish.
–––––
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
Waiting for the breakout
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