Chiliz / TetherUSUpdated CHZUSDT is testing the key level again
CHZUSDT is currently testing the dynamic resistance at around $0.1170.
This area has previously acted as a strong resistance level, with the market experiencing rejection from the 0.5 Fibonacci level. In order for traders to consider new short positions, the price will need to break below the key support level of $0.1140 and create a retest of this level.
Following Plancton's rules, a successful retest of this level would indicate a potential opportunity to enter a short position with a target profit level in mind.
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Follow the Shrimp 🦐
Keep in mind.
This area has previously acted as a strong resistance level, with the market experiencing rejection from the 0.5 Fibonacci level. In order for traders to consider new short positions, the price will need to break below the key support level of $0.1140 and create a retest of this level.
Following Plancton's rules, a successful retest of this level would indicate a potential opportunity to enter a short position with a target profit level in mind.
–––––
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.
Note
still valid 
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