CHZUSDT is testing dynamic resistance after experiencing rejection at the 0.5 Fibonacci level. The price is currently hovering near a critical support level, and if it fails to hold, there is potential for a significant drop in price.
According to Plancton's strategy, traders may want to consider setting an order if the price loses support. It's important to note that the different colored structures indicate different timeframes, with the purple structure representing the monthly chart, the red structure representing the weekly chart, the blue structure representing the daily chart, the yellow structure representing the 4-hour chart, and the black structure representing the sub-hourly chart.
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Follow the Shrimp 🦐
Keep in mind.
According to Plancton's strategy, traders may want to consider setting an order if the price loses support. It's important to note that the different colored structures indicate different timeframes, with the purple structure representing the monthly chart, the red structure representing the weekly chart, the blue structure representing the daily chart, the yellow structure representing the 4-hour chart, and the black structure representing the sub-hourly chart.
–––––
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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