LTCUSDT needs to hold the support!
Обновлено
LTCUSDT has been testing a key level in the 100$ area, where there is a weekly resistance level. This level has proven to be significant in the past, and it's possible that buyers are struggling to push the price higher.
Furthermore, the price has lost its dynamic support and is now testing it as a new resistance level. If the price were to lose this support and retest it as a new resistance level, it would signal a potential shift in market sentiment from bullish to bearish. In this scenario, traders may consider applying Plancton's Rules, a trading strategy that involves taking a short position when a market experiences a significant price drop.
It's important to note that this scenario would only apply if the price were to lose its support and retest it as a new resistance level. If the price were to hold its support and continue to push higher, it could signal that buyers are still interested in entering the market and that there is potential for further gains.
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Follow the Shrimp 🦐
Keep in mind.
Furthermore, the price has lost its dynamic support and is now testing it as a new resistance level. If the price were to lose this support and retest it as a new resistance level, it would signal a potential shift in market sentiment from bullish to bearish. In this scenario, traders may consider applying Plancton's Rules, a trading strategy that involves taking a short position when a market experiences a significant price drop.
It's important to note that this scenario would only apply if the price were to lose its support and retest it as a new resistance level. If the price were to hold its support and continue to push higher, it could signal that buyers are still interested in entering the market and that there is potential for further gains.
–––––
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.
Заметка
the price is testing the key level.
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