ALGOUSDT is testing the ascending channel

10 февр. 2023 г.

ALGOUSDT is currently testing the ascending channel, with the price hovering around the 0.24$ level. where the market has the liquidity zone

A "liquidity zone" is a term used in trading to refer to a specific price range where there is an abundant amount of trading activity and therefore a higher volume of trades taking place.

The market is closely watching for any signs of a potential breakout from the 4 hour resistance line.
If the price does indeed break out and meet the criteria set by Plancton's rules,
it could provide a favorable entry point for a long position trade

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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.
  

Follow the Shrimp 🦐

13 февр. 2023 г.

Заметка

The price is testing the demand zone right now.
If the price grab new liquidity we can see a new bullish impulse from here