LTCUSDT needs to hold the support!
Cập nhật
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.
–––––
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.
Ghi chú
the price is testing the key level.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.