THETAUSDT is in demand zone
THETAUSDT ,Currently, it is observed that THETAUSDT is inside a big demand zone. According to Plancton's Rules, if the price manages to have a breakout from this zone, it could present a potential opportunity for a new long position.
Being inside a big demand zone suggests that there is a significant level of buying interest and support for THETAUSDT at the current price levels. This zone represents an area where buyers are expected to step in and create demand, potentially leading to an upward price movement.
Traders following Plancton's Rules would closely monitor the price action within this demand zone, looking for signs of a breakout. A breakout occurs when the price convincingly moves above a key resistance level, indicating a shift in market sentiment and the potential for a sustained upward move.
If the price of THETAUSDT successfully breaks out from the big demand zone, traders adhering to Plancton's Rules may consider initiating a new long position.
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Follow the Shrimp 🦐
Keep in mind.
Being inside a big demand zone suggests that there is a significant level of buying interest and support for THETAUSDT at the current price levels. This zone represents an area where buyers are expected to step in and create demand, potentially leading to an upward price movement.
Traders following Plancton's Rules would closely monitor the price action within this demand zone, looking for signs of a breakout. A breakout occurs when the price convincingly moves above a key resistance level, indicating a shift in market sentiment and the potential for a sustained upward move.
If the price of THETAUSDT successfully breaks out from the big demand zone, traders adhering to Plancton's Rules may consider initiating a new long position.
–––––
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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